Highly Qualified Persons (Amendment No. 2) Rules, 2017

L.N. 192 of 2017

INCOME TAX ACT

(CAP. 123)

Highly Qualified Persons (Amendment No. 2) Rules, 2017

IN EXERCISE of the powers conferred by articles 56(21) and

96 of the Income Tax Act, the Minister responsible for Finance has

made the following rules:-

The title of these rules is the Highly Qualified Persons

(Amendment No. 2) Rules, 2017 and these rules shall be read and

construed as one with the Highly Qualified Persons Rules, hereinafter

referred to as "the principal rules".

Rule 6 of the principal rules shall be amended as follows

(a)

in paragraph (a) of sub-rule (4) thereof,

immediately after the words "1,460 days" there shall be added

the words "unless such stay is in accordance with an extension

granted in terms of sub-rule 5 of this rule";

(b)

in sub-rule (5) thereof, immediately after the words

"any person who falls under the provisions of sub-rule (1)" there

shall be added the words "or sub-rule (2)" and immediately after

the words "for a one time extension of five years" there shall be

added the words ", or four years, as the case may be" and

immediately after the words "shall not exceed a consecutive

period of ten years" there shall be added the words ", or eight

years, as the case may be,".

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