Value Added Tax (Rate of Interest) (Amendment) Regulations, 2019

L.N. 303 of 2019

VALUE ADDED TAX ACT

(CAP. 406)

Value Added Tax (Rate of Interest) (Amendment) Regulations, 2019

IN EXERCISE of the powers conferred by articles 21(4) and 75

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

following regulations:-

(1) The title of these regulations is Value Added Tax

commencement.

(Rate of Interest) (Amendment) Regulations, 2019 and these

regulations shall be read and construed as one with the Value Added

Tax (Rate of Interest) Regulations, hereinafter referred to as "the

principal regulations".

These regulations shall come into force as from 1 st January,

(2)

2020.

In regulation 2 of the principal regulations, the words "at

the rate of zero point five four per cent (0.54%)." shall be substituted

by the words "at the rate of zero point three, three per cent (0.33%).".

€0.09