Thursday, June 30, 2011

Schedule of Ammendments on Finance Bill

SCHEDULE OF AMMENDMENTS TO BE MOVED BY HON. JOHN JOHN MNYIKA MEMBER OF PARLIAMENT FOR UBUNGO COSTITUENCY AT THE SECOND READING OF THE BILL ENTITLED “THE FINANCE ACT, 2011”

Made under standing order 86(9), 86(11) and 88(2)

A Bill entitled “The Finance Act, 2011 “ is amended as follows:

A in clause 8 which relates to the “Fourth schedule” by inserting under Heading 27.10, and just before its code 2710. 1 941, the following particulars: First row; Its Code- 271.19.31; Description- Illuminating Kerosine (IK); Unit-1; Old excise- Tshs. 52.00; New excise rate- Tshs. 300.30. Second row ; Its Code- 2710.19.31 ; Description- Gas Oil (Automotirc light, ambar for High speed engines; Unit-1; Old excise-Tshs. 314.00; New excise rate- Tshs. 115.00

In Clause 17 by deleting and substuting for it the following new clause. 17 The Principal Act is amended in paragraph 1 of the second schedule by deleting item “w” and substuting for it with the following: (w) Payment of withholding tax on dividend arising from investment in the export processing zone and special economic zone during initial period of five years.

In clause 21: The last sentence is amended by deleting the word; “ten” after of before years and substuting it with “five” to read “during initial period of five years.

In clause 32; Ammendment is done by maintaining the wording of paragraph 8(2), particularly “National Housing Corporation” by deleting sub clause (a); Renumbering sub clause (b), (c) and (d).


John Mnyika, (MP)
UBUNGO CONSTITUENCY
DODOMA – 22 JUNE, 2011

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