The Value Added Tax (Amendment) Bill, 2020

Parliamentary Period: 
Fifth Session of the Twelfth Assembly

The object of this Bill is to amend the Value Added Tax Act, so as to—

(a) provide for the use of an electronic payment machine as a payment method and introduce a penalty for failure to comply;

(b) provide for a trigger point for the computation of the two year period for an assessment based on an incorrect or inadequate return;

(c) revise the penalty for submission of false returns and statements;

(d) provide for an upward adjustment of the penalty for evasion of taxation; and

(e) provide for matters connected with, or incidental to, the foregoing.

Bill Stage: 
First Reading
Second Reading
Committee Stage
Report Stage
Third Reading