Value Added Tax Act (Amendment of Eighth Schedule)

L.N. 384 of 2003

VALUE ADDED TAX ACT

(CAP. 406)

Value Added Tax Act (Amendment of Eighth Schedule)

(No. 2) Regulations, 2003

IN exercise of the powers conferred by paragraph (c) of article 19

and article 75 of the Value Added Tax Act, hereinafter referred to as

“the Act”, the Minister of Finance and Economic Affairs has made the

following regulations>–

(1) The title of these regulations is the Value Added Tax

(Amendment of Eighth Schedule) (No. 2) Regulations, 2003, and shall

be read and construed as one with with the Eighth Schedule to the Value

Added Tax Act, which Eighth Schedule is hereinafter being referred to

in these regulations as “the Schedule”.

(2) These regulations shall come into force on the 1st

December, 2003 and shall cease to have effect after the 31st March,

2004.

Immediately after the words “Supply of electricity.” there

shall be added the following paragraph>–

First Column

Second Column

Description of Supplies#Importations

Rate

“Yachts and other vessels for pleasure 5% of the taxable

or sport specified in the Customs Tariff value as certified by

contained in the First Schedule to the Import such valuers as may

Duties Act under subheadings be approved by the

8903.91.10.00,

8903.91.99.00, Minister.”.

8903.92.10.00 and 8903.92.99.00 in

Chapter 89.

The Value Added Tax Act (Amendment of Eighth Schedule)

Regulations, 2003 published by Legal Notice 375 of 2003 are hereby

being revoked.

Mitbug[ fl-Istamperija tal-Gvern — Printed at the Government Printing Press