Namibia Government Gazette dated 1997-02-21 number 1504

GOVERNMENT GAZETTE
OF THE

REPUBLIC OF NAMIBIA
N$0.8.0

WINDHOEK- 21 February 1997

No. 1504

CONTENTS
Page

GOVERNMENT NOTICE
No. 21

Determination of rate for purposes of exemption under section 16( 1)(m)(iii) of the
Income Tax Act, 1981 .................................................................................................. ..

Government Notice

MINISTRY OF FINANCE
;-.,
'

No. 21

1997

DETERMINATION OF RATE FOR PURPOSES OF EXEMPTION UNDER
SECTION 16(1)(m)(iii) OF THE INCOME TAX ACT, 1981
Under paragraph (aa) of the proviso to section 16(1)(m)(iii) of the Income Tax Act,
1981 (Act 24 of 1981 ), I hereby determine that the rate at which dividends on Special
Tax-Free Indefinite Period Shares are to be calculated for purposes of the exemption
contemplated in that section, shall be (a)

(b)

15 per cent for shares issued during the period 1 October 1996 to 31 March
1997;and
13 per cent for shares issued after 31 March 1997.

N.MBUMBA
Minister of Finance

....

Windhoek, 12 February 1997

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