Legislative Highlights

Legislative Highlight - August 2018

 

ACT

TAX LAWS (AMENDMENT) ACT

Act No.

9 of 2018

Commencement

There are several dates for each of the Acts to be amended as follows:

  1. provisions relating to the Income Tax Act, on the 1st of July, 2018;
  2. provisions relating to the Stamp Duty Act, on the 1st of October, 2018; and
  3. provisions relating to the Value Added Tax, 2013 on the 1st of July, 2018.

Objective

This Act makes amendments to the following tax related laws:

  1. Income Tax Act, 1973 Cap 470);
  2. Stamp Duty Act (Cap. 480); and
  3. Value Added Tax, 2013 (No. 35 of 2013).