Section 8: The Income Tax Act, 2000 is amended–

(a) in section 31 thereof by the repeal and replacement of paragraph (k) by the following:– Commencement. of Cap. 271. of Schedule to Act No. 16 of 1978. “Preshipment and destination inspection. of Act No. 7 of 1988. of Act No. 5 of 1994. of Act No. 5 of 1995. “Export levy on timber. “Export levy on dimension stones. of Act No. 8 of 2000. “Tax on winnings of lottery. of Act No. 3 of 1969. No. 7 Finance Act 2008 No. 7 Finance Act 20084 5 “(k) winnings below Le500,000 from any lottery;” (b) in section 105 thereof– (i) in subsection (3), by the substitution for the full stop at the end of paragraph (b) of a semi-colon; and the insertion immediately after that paragraph of the following:- “(c) a tax payer who files an objection to, notice of appeal against, or an application for an amendment to, an assessment which is not determined in his favour, shall pay as penalty 25% interest on the difference between that assessment and the undisputed tax liability.”. (ii) by the substitution for the words “seventy-two hours” appearing in subsections (5) and (6) thereof, of the words” five days”; (c) in section 114 thereof– (i) by the repeal and replacement of subsection (4) by the following:- “(4) The Commissioner-General shall not release any consignment of goods unless the consignee produces to the Commissioner-General– (a) a customs income tax clearance certificate; and (b) evidence that the consignee is not in arrears of any other tax collected by the National Revenue Authority which is applicable to the consignee.”; (ii) by the insertion immediately after subsection (5) thereof, of the following:- “(6) Notwithstanding the payment of the amount specified in subsection (1), the Commissioner-General may prevent the release of goods to the importer, where the importer is in arrears of other taxes collected by the National Revenue Authority which are applicable to him.”; (d) by the insertion in Part IV of the First Schedule thereof, of the following:- “Winnings of Le500,000 and above from any lottery;........10%”; (e) by the insertion immediately after section 155 thereof of the following:- 155A. Any person who breaks the seal on any sealed premises without the authority of the Commissioner-General commits an offence and is liable on conviction to a fine of not less than Le5,000,000 or to a term of imprisonment not exceeding 6 months or to both.”; (f) in section 2,by the insertion of the following definition:- “lottery” includes any scheme, system or device for the sale, gift, distribution or disposal of any property or right in any manner, depending on, or to be determined by, chance, whether by the throwing or casting of dice, or by the drawing of tickets, cards, lots, numbers or figures, or by means of a wheel or trained animal or by football pool or otherwise;”.