Regulations, 2019

L.N. 253 of 2019

VALUE ADDED TAX ACT

(CAP. 406)

Value Added Tax Act (Amendment of Fifth Schedule No. 2)

Regulations, 2019

IN EXERCISE of the powers conferred by articles 9 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 (Amendment of Fifth Schedule No. 2) Regulations, 2019 and these

commencement.

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 Fifth Schedule".

(2) These regulations shall bring into force the provisions of

Article 1 of Council Directive (EU) 2018/1910 of the 4 th December

2018 amending Directive 2006/112/EC as regards the harmonization

and simplification of certain rules in the value added tax system for the

taxation of trade between Member States.

These regulations shall come into force, on the 1 st January

(3)

2020.

In paragraph (b) of sub-item (1) of item 3 in Part One of the

Fifth Schedule, the words "Fourteenth Schedule." shall be substituted

by the words "Fourteenth Schedule:" and immediately thereafter, there

shall be added the following new proviso

"Provided that, the exemption provided for under this sub-

item shall not apply where the supplier has not complied with the

obligation to submit a recapitulative statement in terms of article

30(3) or the recapitulative statement submitted by him does not

set out the correct information concerning the supply as required

in terms of the said article 30(3), unless the supplier can duly

justify his shortcoming to the satisfaction of the Commissioner.".

€0.09