Regulations, 2012

L.N. 39 of 2012

VALUE ADDED TAX ACT

(CAP. 406)

Value Added Tax Act (Amendment of Eighth Schedule)

Regulations, 2012

IN exercise of the powers conferred by articles 19 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 Act

(Amendment of Eighth Schedule) Regulations, 2012, and these

regulations shall be read and construed as one with the Eighth

Schedule to the Value Added Tax Act, which Eighth Schedule is

hereinafter in these regulations referred to as "the Schedule".

In the first paragraph of the Schedule, immediately after

the words "taxable value of the supplies" there shall be added the

words "or importations in the case of item 7,".

The heading "Description of Supplies" in the first column

of the Table in the Schedule shall be substituted by the heading

"Description".

IItem 7 in the first column of the Table in the Schedule

shall be substituted by the following item

"7. The importation of works of art, collector’s items

and antiques as defined in paragraphs 1, 2 and 3 of Part Two of

the Fourteenth Schedule.".

€0.09