Regulatory Alerts2014-01-01
ICSP (Amendment of Schedule) Regulations, 2014
The Minister of Finance, Trade and Investment enacted Statutory Instrument 123 of 2014 to amend Schedule 2 of the International Corporate Service Providers Act, 2003. The regulations insert "excluding any sum paid as a penalty" into paragraph 1(e), Column 2, Item (iii) of the schedule. Issued under section 20 of the parent Act on December 31, 2014, this amendment clarifies penalty exclusions for licensed international corporate service providers.
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