Value Added Tax (Amendment) Act, 2018 (Act 970)
ARRANGEMENT OF SECTION
- 1. Section 3 of Act 870 amended
PURPOSE
AN ACT to amend the Value Added Tax Act, 2013 (Act 870) to revise the Value Added Tax rate to twelve and a half percent and to provide for related matters.
DATE OF ASSENT
31st July, 2018
ACT
Section 1 — Section 3 of Act 870 amended
The Value Added Tax Act, 2013 (Act 870), is amended in section 3 by the substitution for subsection (1) of
- "Rate of Tax
- (1) Except as otherwise provided in this Act, the rate of the tax is twelve and a half percent and is calculated on
- (a) the value of the taxable supply of the goods or services; or
- (b) the value of the import.".
- (1) Except as otherwise provided in this Act, the rate of the tax is twelve and a half percent and is calculated on