As enactedVersion · As enacted
15. Exemption of the Fund from certain taxes
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(1)
A donation made in money or otherwise by any person to the Fund shall be deemed, for the purposes of paragraph (b) of subsections 2 of section 31 of the Inland
Revenue Act, No. 28 of 1979, to be a donation made in money or otherwise to a Fund established by the Government.
(2)
From and after the inclusion of the Fund under section 8 of the Inland Revenue Act, No. 28 of 1979, the profits and income of the Fund shall be exempt from income tax payable under Inland Revenue Act, No. 28 of 1979.
(3)
The provisions of this section shall have effect notwithstanding anything to the contrary in the Inland Revenue
Act, No. 28 of 1978.