Regulatory Alerts1997-03-17
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International Trade Zone (Amendment of Schedule) Regulations, 1997
The Minister of Finance and Communications issued the International Trade Zone (Amendment of Schedule) Regulations, 1997 to amend the schedule of the International Trade Zone Act, 1995. The amendment repeals item 4 and substitutes a new provision specifying that license holders are classified as employers under Section 3(1)(b) of the Social Security Act. Consequently, these license holders become legally liable to pay mandatory contributions to the Social Security Fund.
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