Tax Rate Adjustment (Amendment) Rules, 2025

L.N. 101 of 2025

INCOME TAX ACT

(CAP. 123)

Tax Rate Adjustment (Amendment) Rules, 2025

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

of the Income Tax Act, the Minister responsible for finance has made

the following rules:-

(1) The title of these rules is the Tax Rate Adjustment

commencement.

(Amendment) Rules, 2025 and these rules shall be read and construed

as one with the Tax Rate Adjustment Rules, hereinafter referred to as

the "principal rules".

(2) These rules shall be deemed to have come into force on 1 st

January 2025.

Immediately after rule 2 of the principal rules, there shall

be added the following new rule

Notwithstanding the other provisions of

"Rebate shall not

be allowed for the

year of assessment these rules, no tax rebate under these rules shall be

2026 and

subsequent years. allowed for the year of assessment 2026 and the

subsequent years of assessment.".

€0.09