Object of the Bill
The object of this Bill is to amend the Value Added Tax, Cap. 349—
(a) to expand the definition of application for own use to include services;
(b) to provide that a person who is required to be registered or to pay tax under the Act is a taxable person from the beginning of the taxable period for which the duty to register or pay tax arose;
(c) to repeal the requirement for professionals to register under the Act; to provide the value of a taxable supply of goods or services where government provides a subsidy;
(d) to provide a penalty where a taxpayer claims a refund in excess of what is due or claims returns, submits or declares a wrong, false or incorrect offset claim in a return;
(e) to add the supply of veterinary services and mosquitos nets to the list of exempt supplies and to make other miscellaneous amendments to the Act; and
(f) for other related matters.
Document
3914The_Value_Added_Tax_(Amendment)_Bill,_2007.pdf
The Value Added Tax (Amendment) Bill, 2007
Sponsored By Hon. Dr. Ezra Suruma (Minister of Finance, Planning and Economic Development)
Committee: The Committee on Finance, Planning and Economic Development
Start
First Reading/Committee
Second Reading
Third Reading
Presentation/Waiting Assent
Assented by President
End
Bill passed on
Bill Withdrawn on