Statutory Instrument 280 of 2003
Capital Gains Tax Rate of Interest Notice 2003
THE Minister of Finance and Economic Development , in terms of section 26 of the Capital Gains Tax Act [Chapter 23:01], hereby makes the following notice:—
- (1) This notice may be cited as the Capital Gains Tax (Rate of Interest) Notice, 2003.
(2) This notice shall come into operation on the 1st January , 2004.
Rate of interest on unpaid capital gains tax
- The rate of interest for the purposes of section 26 of the Act shall be the base bank lending rate prevailing on the date the Commissioner makes a notification of the tax due in terms of subsection (1) of that section. Repeal
- The Capital Gains Tax (Rate of Interest) Notice, 1995, published in Statutory Instrument 17 of 1995, is repealed.