The purpose of the Income Tax (Exemption) (No. 7) 2016 (Amendment) Order 2023 [P.U. (A) 347, gazetted on 09/11/2023], is to extend the expiration date of a particular provision within the order.
Specifically, the amendment changes the expiration date from “31 December 2022” to “31 December 2024” in subparagraph 5(3) of the Income Tax (Exemption) (No. 7) Order 2016 [P.U. (A) 160/2016].
This effectively prolongs the duration of the exemption provided under that subparagraph for an additional two years
