2. Amendment of section 10 of Act…

Section 10 of the Inland Revenue Act, No. 38 of 2000

amended by Act, No. 10 of 2002 (hereinafter referred to as the “principal enactment”) is hereby further amended by the insertion, immediately after paragraph (eee) of that section of the following paragraph :—

“(eeee)

the interest arising or accuring to any person, (other than a body corporate, or any other person or partnership to whom or to which such interest is arising or accuring as business income,) on any secondary market transaction in dealing with any

Security or Treasury Bond issued under the

Registered Stocks and Securities Ordinance

(Chapter 420), or Treasury Bill issued under the

Local Treasury Bills Ordinance (Chapter 417), or Central Bank Security issued under the

Monetary Law Act (Chapter 422) on or after April 1, 2002 :

For the purposes of this paragraph secondary market transaction includes a sale of a security, repurchase or reverse repurchase of a security after the original issue of such security ; ”.