Amendment to DDTRs
1 May 2020
LN 168 of 2020 published on 30 April 2020 amends the Duty on Documents and Transfers Rules, establishing a deadline within which duty refundable in terms of article 62 of the Duty on Documents and Transfers Act must be refunded.
The new paragraphs (4) and (5) to Rule 9 provide the following:
(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.