MT
Value Added Tax Act (Eighth Schedule Amendment) Regulations,
Statutory Text (4 Articles)
L.N. 434 of 2018
L.N. 434 of 2018
VALUE ADDED TAX ACT
(CAP. 406)
Value Added Tax Act (Eighth Schedule Amendment) Regulations,
IN EXERCISE of the powers conferred by articles 19(2) and 75
of the Value Added Tax Act, the Minister for Finance, has made the
following regulations:-
(1) The title of these regulations is the Value Added Tax
Act (Eighth Schedule Amendment) Regulations, 2018 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".
(2)
These regulations shall come into force on 1st January
2019.
Paragraph (c) in item 5 of the Schedule shall be substituted
by the following
"(c) audio books, books and similar printed matter, other
than books and similar printed matter referred to in paragraphs
(a) and (b), supplied on all physical means of support which
include, but not limited to, a CD, DVD, SD-card and USB, but
which excludes publications wholly or predominantly devoted to
advertising and excluding also publications wholly or
predominantly consisting of video content or audible music;".
Immediately after paragraph (c) in item 5 of the Schedule,
there shall be added a new paragraph as follows
"(d) audio books, books and similar printed matter, other
than books and similar printed matter referred to in paragraphs
(a) and (b), supplied electronically but which excludes
publications wholly or predominantly devoted to advertising and
excluding also publications wholly or predominantly consisting
of video content or audible music.".
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