Income Tax Act as amended to 2005

PART 1
Preliminary

PART 11
Imposition of Tax

PART III
Residents and Non-Residents

PART IV
Chargeable Income
> Deductions
> Interests

PART V
Tax Accounting Principles

PART VI
Gain and losses on disposal of Assets

PART VII
Miscellaneous rules for determining chargeable income

PART VIII
> Persons Assessable
> Taxation of partnerships and partners
> Taxation of trusts and beneficiaries
> Taxation of companies and shareholders

PART IX
International Taxation

PART X
Anti-Avoidance

PART XI
Procedure relating to Income Tax
> Returns
> Objections and Appeals
> Provisional Tax
> Refund of Tax

PART XII
Procedure relating to Rental Tax

PART XIII
Withholding of Tax at Source

PART XIV
> Records and Information Collection
> Tax Clearance Certificates
> Tax Identification Number

PART XV
Offences and Penalties
> Offences
> Penal Tax

PART XVI
Administration
> Delegation
> Official Secrecy

Forms and Notices
> Forms and Notices; authentication of documents
> Service of notice and other documents

Rulings
> Practice notes
> Private rulings

Remission of Tax
> Remission of tax

PART XVI
Miscellaneous
> Interpretation
> Regulations
> Amendment of Schedules
> Repeal
> Transitional

SCHEDULES

FIRST SCHEDULE (Section 3)
> Listed Institutions

SECOND SCHEDULE (section 5)
> Small Business Taxpayer's Tax Rate

THIRD SCHEDULE
> Rates of Tax

PART 1
Income Tax Rates for Individuals (Section 7(1)
> Resident Individual
> Non-Resident Individual

PART 11
> Income Tax Rate for Companies and Retirement Funds (Section 8 and 9(4)

PART 111
> Income Tax Rate for Trustees and Retirement Funds (Section (9)

PART IV
> Income Tax Rate for Non-Resident Persons (Section 83,84,85 and 86)

PART V
> Withholding Tax Rate for Interest and Dividends for
Resident Persons (Section 118 and 119)

PART VI
> Rate of Rental Tax (Section 7 )

PART VII
> Rate of Tax Applicable to Shipping and Aircraft Income (Section 87(1)

PART VIII
> Withholding Tax Rate for Goods and Services Transactions (Section 120)


FOURTH SCHEDULE
> Chargeable Income Arising from Short-Term Insurance Business(Section 17)


FIFTH SCHEDULE
> Valuation of Benefit (Section 20(3)

SIXTH SCHEDULE (Section 28,29 and 30)
> Depreciation Rates and Vehicle Depreciation Assets

PART 1
Declining Balance Depreciation Rates for Depreciable assets

PART 11
Vehicle Depreciation Ceiling

PART 111
Straight – line Depreciation Rate for Industrial Buildings

PART IV
Prescribed Areas

SEVENTH SCHEDULE
Repealed Legislation (Section 167)

EIGHT SCHEDULE
Currency Point (Section 3)

Download Entire Income Tax Act as amended to 2005 (word format)

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