Communications Service Tax (Amendment) Act, 2020 (Act 1025)

ARRANGEMENT OF SECTIONS

1. Section 3 of Act 754 amended

2. Section 5 of Act 754 amended

3. Commencement

PURPOSE

AN ACT to amend the Communications Service Tax Act, 2008 (Act 754) to provide for a reduction in the tax rate and related matters.

DATE OF ASSENT

27th August, 2020.

ACT

1. Section 3 of Act 754 amended

The Communications Service Tax Act, 2008 (Act 754) referred to in this Act as the "principal enactment" is amended by the substitution for section 3 of,

"3. Rate of the tax

The rate of the tax is five per cent of the charge for the use of the electronic communications service.".

2. Section 5 of Act 754 amended

The principal enactment is amended by the substitution for section 5 of

"5. National youth employment support

At least twenty per cent of the revenue generated from the tax shall be used to finance the national youth employment programme."

3. Commencement

This Act shall come into force on the fifteenth day of September, 2020.