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Internal Revenue Regulations, 2001 🇬🇭


L.I. 1675

Internal Revenue Regulations, 2001

  • Published in Government Gazette on 22 June 2001
  • Assented to on 8 June 2001
  • Commenced on 1 July 2001
  • [Up to date as at 22 June 2001]
IN exercise of the powers conferred on the Minister responsible for Finance by section 114 of the Internal Revenue Act, 2002), these Regulations are made this 8th day of June, 2001

Part I – CALCULATION OF INCOME

Division I: Chargeable Income

1. Calculation of Chargeable Income .

Subject to the Act, the chargeable income of a person for a year of assessment shall be calculated in accordance with the steps set out in Schedule One to these Regulations.Division II: Deductions

2. Contributions to Charities

Any contribution made by a person during a year of assessment to a charitable institution or fund approved by the Government may be deducted in calculating the person's chargeable income for the year.

3. Scholarships

Any amount expended by any company or body of persons during a year of assessment under a scheme of scholarship …

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