Duty on Documents and Transfers Rules

L.N. 168 of 2020

DUTY ON DOCUMENTS AND TRANSFERS ACT

(CAP. 364)

Duty on Documents and Transfers Rules

(Amendment) Order, 2020

IN EXERCISE of the powers conferred by articles 22 and 22A of

the Duty on Documents and Transfers Act, the Minister for Finance

and Financial Services has made the following order:-

The title of this order is the Duty on Documents and

Transfers Rules (Amendment) Order, 2020 and this order shall be read

and construed as one with the Duty on Documents and Transfers

Rules, hereinafter referred to as the "principal rules".

Immediately after rule 9(3) of the principal rules, there

shall be added the following new rules

"(4) Any duty determined as refundable to a person for the

purpose of article 62 of the Act shall be considered as having

become due on the day of such determination, and shall be

refunded by not later than six (6) months from the day when it

becomes due.

(5) Interest at the rate as prescribed by the Minister shall

be payable by the Commissioner on any refund after the

expiration of the period of six (6) months mentioned in sub-rule

(4).".

€0.09