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Value-Added Tax Bill

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Value-Added Tax Bill


To amend the Value-Added Tax Act, 2000 so as to replace the phrase “Permanent Secretary” with the phrase “Executive Director”; to expand the time period with in which the import declaration must be furnished to the Commissioner and payment of tax on import of services; to increase the monetary threshold required for persons to register for VAT purposes; to increase the amount of cash sales to which a tax invoice is not required; to change the rate of interest applicable to refunds that are due to registered persons; to change the rate of interest on amounts overdue in respect of tax; and to provide for incidental matters.


Bill Passage

Complete

In Progress

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Not Applicable

National Assembly


1st Reading

2nd Reading

Committe Stage

3rd Reading

National Council


1st Reading

2nd Reading

Committe Stage

3rd Reading

Final Stages

Consideration of amendments


President Assent


President Assent

Referrals to Committees

Standing committees are permanent panels identified in Chamber rules, which also list the jurisdiction of each committee. Because they have legislative jurisdiction, standing committees consider bills and issues and recommend measures for consideration by the House.


House Standing Committee Name Date Assigned Members Reports

Debates on the Bill

Debates on a bill refer to the discussions, arguments, and exchanges of opinions that take place among legislators during the legislative process. When a bill is presented to a legislative body, such as a parliament or congress, it undergoes a series of readings and debates before it can be enacted into law.


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Bill Publications

Full text of the Bill as introduced and further versions of the Bill as it is reprinted to incorporate amendments (proposals for change) made during its passage through Parliament.


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