227 tal-2015 - Regolamenti tal-2015 li jemendaw il-Ħames Skeda li tinsab mal-Att dwar it-Taxxa fuq il-Valur Miżjud

L.N. 227 of 2015

VALUE ADDED TAX ACT

(CAP. 406)

Value Added Tax Act (Amendment of Fifth Schedule)

Regulations, 2015

BY VIRTUE of the powers conferred by articles 9 and 75 of the

Value Added Tax Act, the Minister for Finance has made the

following regulations:-

The title of these regulations is the Value Added Tax Act

(Amendment of Fifth Schedule) Regulations, 2015, and these

regulations 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".

In item 2 in Part Two of the Schedule, for the words

"essential for the provision of insurance or re-insurance transactions."

there shall be substituted the words "essential for the provision of

insurance or re-insurance transactions:", and immediately thereafter

there shall be added the following proviso

"Provided that road assistance services provided for a fixed

subscription, by a taxable person who undertakes to provide

such assistance should the risk of breakdown or accident

covered by that person materialise, shall be considered as an

exempt supply of insurance services.".

Paragraph (1) of item 11 in Part Two of the Schedule shall

be substituted by the following

"(1) The supply of medical care by a person in the

exercise of any profession regulated by the Health Care

Professions Act (Cap. 464) or the Psychology Profession Act

(Cap. 471) or any Act which may be substituted therefor.".

€0.09