38. Amendment of the First Schedule to the principal enactment

The First Schedule to the principal enactment, as last amended by Act, No. 8 of 2012, is hereby further amended by the substitution for PART V of that Schedule, of the following Part:-

“PART V

The rate of income tax applicable to any sum referred to in the proviso to subsection (2) of section 35-

for any year of assessment commencing prior to April 1, 2013

for any year of assessment commencing on or after April 1,