Cap. 598 чл. 16Various miscellaneous provisions. Cap. 123.     Cap. 123.

(1) Notwithstanding any provisions of the Income

Tax Act or of any other law, incentives, benefits and grants in terms of schemes that may be made applicable by the Authority to give effect to this Act, shall be exempt from tax in the hands of the relevant beneficiary, provided that such aid does not take the form of income substitution.

(2) The Minister may make regulations to lay down the conditions relating to accounting, record keeping and reporting to the Authority for the enjoyment of the incentives, benefits and grants laid down in sub-article (1).

(3) Where any benefit provided by this Act or by regulations made thereunder is due to a partnership or other undertaking and, in accordance with the Income Tax Act or any other applicable law, the partners or members thereof and not the partnership or undertaking itself are assessable to tax on any income of such partnership or undertaking, any benefit provided in terms of this Act to a partnership or undertaking shall be due to the partners or members of any such partnership or undertaking.