This Bill will amend the Finance Act [Chapter 23:04], the Income Tax Act
[Chapter 23:06], the Value Added Tax Act [Chapter 23:12], the Customs and Excise
Act [Chapter 23 :02] and the Revenue Authority Act [Chapter 23:11]. The opportunity
is also taken to amend other Acts having fiscal, financial or investment implications.
These amendments will give effect to certain fiscal measures mentioned by the Minister
of Finance and Economic Development in the National Budget Statement delivered
on the 22nd November, 2018, and make certain modifications to improve revenue
collection and administration. In more detail, the individual clauses of the Bill provide
This is the version of the Bill incorporating the amendments made by the National Assembly on 20th December 2018 - and the version that was passed by the Senate on 30th January 2019.