Sale of Agricultural Produce (Amendment) Rules, 2012

L.N. 316 of 2012

INCOME TAX ACT

(CAP. 123)

INCOME TAX MANAGEMENT ACT

(CAP. 372)

Sale of Agricultural Produce (Amendment) Rules, 2012

IN exercise of the powers conferred by articles 14(2) and 96 of

the Income Tax Act and articles 23 and 58 of the Income Tax

Management Act, the Minister of Finance, the Economy and

Investment has made the following rules:-

(1) The title of these rules is the Sale of Agricultural

Produce (Amendment) Rules, 2012, and these rules shall be read and

construed as one with Sale of Agricultural Produce Rules, hereinafter

referred to as " the principal rules ".

(2) These rules shall be deemed to have come into force as

from the year of assessment 2011.

In rule 2 of the principal rules, the definition " qualifying

sale" shall be amended as follows

(a) in paragraph (g) thereof, for the words "by means of

guidelines." there shall be substituted the words " by means of

guidelines; or" and

(b) immediately after paragraph (g) thereof, as

amended, there shall be added the following new paragraph

" (h) a sale of fresh fruit or fresh vegetables to a

Producer Organisation (PO) or a Producer Group (PG)

where such PO or PG is approved by the Director of

Agriculture and upon recommendation by the said

Director.".

Schedules A and B to the principal rules shall be

substituted by Schedules A and B in the Schedule to these rules.

B

SCHEDULE " Schedule A B ". €0.27