Regulations, 2024

L.N. 12 of 2024

VALUE ADDED TAX ACT

(CAP. 406)

Value Added Tax Act (Amendment of Fifth Schedule)

Regulations, 2024

IN EXERCISE of the powers conferred by article 75 of the Value

Added Tax Act, the Minister responsible for finance has made the

following regulations:-

(1) The title of these regulations is the Value Added Tax Citation, scope

Act (Amendment of Fifth Schedule) Regulations, 2024 and these and

commencement.

regulations shall be read and construed as one with the Fifth Schedule

to the Value Added Tax Act, hereinafter referred to as the "Fifth Cap. 406

Schedule".

(2) These regulations transpose the provisions of Article 98(2)

of Council Directive 2006/112/EC of 28 November 2006 on the

common system of value added tax as amended by Council Directive

(EU) 2022/542 of 5 April 2022 amending Directives 2006/112/EC and

(EU) 2020/285 as regards rates of value added tax by introducing an

exemption with deductibility of the VAT paid at the preceding stage to

certain supplies of goods covered in point (4) of Annex III of the

aforementioned Council Directive 2006/112/EC.

(3)

These regulations shall be deemed to have come into force

on 1 st January 2024.

The Fifth Schedule shall be amended as follows

Amends the

Fifth Schedule.

(a) immediately after item 14 of Part One thereof there

shall be added the following new item

"Supplies of certain devices and aids to non-profit

making organisations

The supply to non-profit making organisations

specifically recognised as such by the Commissioner for this

purpose, of devices and aids, including related goods, which

are essential to compensate or overcome disability in

humans.";

(b) immediately after item 7 of Part Three thereof there

shall be added the following new item

"Acquisitions of certain devices and aids by non-

profit making organisations

8. The intra-community acquisition by non-profit

making organisations specifically recognised as such by the

Commissioner for this purpose, of devices and aids,

including related goods, which are essential to compensate

or overcome disability in humans.";

(c) immediately after item 9 of Part Four thereof there

shall be added the following new item

"Importations of certain devices and aids by non-

profit making organisations

10. The importation by non-profit making

organisations specifically recognised as such by the

Commissioner for this purpose, of devices and aids,

including related goods, which are essential to compensate

or overcome disability in humans.".

€0.18