Object of the Bill
The object of this Bill is to amend the Value Added Tax Act, Cap 349 to provide for persons engaged in midstream petroleum operations to register as taxable persons under the Act: to remove compact fluorescent bulbs and LED lamps or bulbs from the list of exempt goods; to include other specified agricultural processing machinery on the list of exempted supplies; to provide for the tax treatment of suppliers to contractors executing Aid funded projects; to exempt from tax, the supply of any goods and services to the contractors and subcontractors of hydroelectric power, solar power, geothermal power projects and to provide for related matters,
Document
0425THE_VALUE_ADDED_TAX(AMENDMENT)_BILL,_2016..pdf
The Value Added Tax (Amendment) Bill, 2016
Sponsored By Hon. Matia Kasaija (Minister of Finance, Planning and Economic Development)
Committee: The Committee on Finance, Planning and Economic Development
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First Reading/Committee
Bill is still at First Reading, the first reading being the first stage of a Bill passage through the Floor of Parliament and is usually a formality, it takes place without debate, and the first reading of a Bill can occur anytime in a parliamentary session.
Second Reading
Bill is in the second stage. The second reading is the first opportunity for MPs to debate the main principles of the Bill. It usually takes place up to 45 days after the first reading.
Third Reading
Parliament is passing the Bill. The third reading is the final chance for the Members of Parliament to debate the contents of a Bill. Here debate on the Bill is usually short and limited to what is actually in the Bill rather than, as at the second reading, what might have been included.
Presentation/Waiting Assent
Waiting for Assent. Bill is waiting for the President to assent to it. When the Floor of Parliament has passed a Bill, it shall be presented to the President, and the President shall declare either that he assents to the Bill or that he withholds assent.
Assented by President
The Bill is now an Act of Parliament. When a Bill has completed all its parliamentary stages on the floor of Parliament, it must have President Assent before becoming an Act of Parliament (law). President Assent is the State agreement to make the Bill into an Act and it is a formality.
End
Bill passed on 2016-05-14
The Bill is now an Act of Parliament. When a Bill has completed all its parliamentary stages on the floor of Parliament, it must have President Assent before becoming an Act of Parliament (law). President Assent is the State agreement to make the Bill into an Act and it is a formality.
Bill Withdrawn on