Section 10, The Finance Act, 2015

The Ninth Schedule to the Income Tax Act, 2000 is amended byrepealing and replacing paragraph 2 by the following– (a) paragraph 2 by repealing and replacing that paragraph with the following new paragraph– “2. Maximum Redundancy or Termination Payment. The maximum redundancy or termination payment which is to be excluded from employment income under paragraph (h) of subsection (3) of section 23, shall be Le 50,000,000.00 and any excess above this amount shall be taxed at 5%.” (b) paragraph 14 by repealing and replacing that paragraph with the following new paragraph– “14. Tax Clearance Certificate Fee The fee to be paid under section 174 shall be– (a) for a tax clearance certificate - of Part I of First Schedule to Act No.8 of Ninth Schedule to Act No. 8 of 2000. *** (i) in the case of a student Le10,000.00; (ii) in the case of an unemployed person Le10,000.00; (iii) in the case of an employed Le20,000.00; (iv) in the case of an unincorporated business Le30,000.00; (v) in the case of a company Le 40,000.00; (vi) in any other case Le 20,000.00 (b) for a written statement for the purposes of business registration– (i) in the case of a company Le 50.000.00; (ii) in any other case Le 40,000.00.” The Goods and Services Tax Act, 2009