NOW, THEREFORE, in accordance with Article 55(1) and (11) of the Constitution, it is hereby proclaimed as follows:
- Short Title This Proclamation may be cited as the "Income Tax (Amendment) Proclamation No. 36/1996."
- Amendment Sub-Article (c) of Article 12 of the Income Tax Proclamation No. 173/1961 (as amended) is hereby deleted and replaced by the following new sub-Article (c): "(c) Any organization shall pay thirty-five percent (35%) of income tax on it taxable income. However, tax on income from mining by an organization shall be charged, levied and collected in accordance with the Mining Income Tax Proclamation."
- Effective Date