Value Added Tax Act (Amendment of Fifth Schedule)

Minister of Finance, the Economy

Prime Minister

and Investment

L.N. 425 of 2010

L.N.

of 2010

VALUE ADDED TAX ACT

(CAP. 406)

Value Added Tax Act (Amendment of Fifth Schedule)

(No. 2) Regulations, 2010

IN exercise of the powers conferred by articles 9 and 75 of the

Value Added Tax Act, the Minister of Finance, the Economy and

Investment has made the following regulations:-

The title of these regulations is the Value Added Tax

(Amendment of Fifth Schedule) (No. 2) Regulations, 2010, and they

shall be read and construed as one with the Fifth Schedule to the

Value Added Tax Act, which Fifth Schedule is hereinafter in these

regulations referred to as "the Schedule".

Item 3(6) of Part Two of the Schedule shall be substituted

by the following

"(6) The supply of services consisting of the

management of any investment scheme, provided that these

services are limited to those activities that are specific to and

essential for the core activity of the scheme

Provided further that investment schemes shall refer to

‘collective investment schemes’ as defined under the

Investment Services Act and ‘retirement schemes’ as defined

under the Special Funds (Regulation) Act.".

€0.09