Section 25: The first schedule of the Income Tax Act is amended by

(a) repealing and replacing paragraphs (1) and (2) with the following new paragraphs- 1 Where the turnover, excluding income from property, of a person, not being a company specified under Part III of the First Schedule is less than Le350,000, 000 but not less than Le10,000,000, the income tax payable shall be taxes under the Small and Micro Taxpayer regime at the rate of 3 percent on turnover; 2 Where the taxpayer is a transport service provider; or engaged in alluvial gold, diamond and sand-based exporting, dealing in mining activities, the tax payable by that person shall be the higher between the tax rate on turnover specified in subparagraph (i), and the rates applicable to the business; or any provision in this Act; or taxable persons falling under paragraph 2 or 3 of the Finance Act of 2017. (b) inserting the following new paragraph immediately after paragraph 2- of first schedule to Act No. 8 of 2000. 3 Paragraphs 1 and 2 shall not include taxpayers classified as professional service provider provided for and defined under Section 12 of the Finance Act 2020.