Value Added Tax (Amendment) Act 2007

Arrangement of Sections

1. Amendment of Act NO 002 of 1993

2. General amendments.

3. Amendment of section 4

4. Amendment of Section 10

5. Amendment of section 10A

6. Amendment of section 11A

7. Amendment of section 12

8. Deletion of section section 13 (3) of the Principal Act

9. Amendment of 15

10. Amendment of section 16

11. Substitution for section 36

12. Amendment of section 42

13. Amendment of First Schedule

14. Appeals.

15. Citation.

VALUE ADDED TAX (AMENDMENT) ACT 2007, No. 12

An Act to amend to Value Added No, 102, 1993 and for related matters.

[Commencement] [16th Day of April, 2007]

Amendment of Act NO 002 of 1993

1. The Value Added Tax Act (in this Act referred to as "the Principal Act") is amended as set out in this Act.

General amendments.

2. 'Substitute for the words "VAT Office" the words " Tax Office" wherever they occur in the Principal Act.

Amendment of section 4

3. Substitute for section 4 of the Principal Act a new section "4" "Rate of tax 4. The tax shall be computed at the rate of 5 per cent on the value of all goods and services as determined, under sections 5 and 6 of this Act, except that

Goods and services listed under Part III of the First Schedule to this Act shall be taxed at zero rate."

Amendment of Section 10

4. Substitute for the word "him", the words "the person" in this section 10 (1) of the Principal Act.

Amendment of section 10A

5. Section 10 A of the principal Act is amended by-

"(2) The Service may, by notice, determine and direct the companies operating in the oil and gas sector which shall deduct VAT at source and remit same to the Service" and . . .

Amendment of section 11A

6. Insert the following new section IIA immediately after the existing section II of the Principal Act-

"Tax invoice II A (I) A taxable person who makes a taxable supply shall, in respect of that supply, furnish the purchaser with a tax invoice containing, inter alia, the following.-