Budget Measures Implementation Act

Act VIII of 2020 – The Budget measures Implementation Act – was published on 20 March 2020, implementing the key measures announced in October 2019 in the Budget for 2020.

The Act amends:

Part II:The Customs Ordinance

Part III:The Income tax Act

Part IV:The Immovable Property (Acquisition by Non-Residents) Act

Part V: The Social Security Act

Part VI: Duty on Documents and Transfers Act

Part VII: The Income Tax Management Act

Part VIII: the Excise Duty Act

Part IX: The Arbitration Act

Part X: The VAT Act

Part XI: the Commissioner for Revenue Act

Part XII: the Arbiter for Financial Services Act

Part XIII: the Refund of Deposits Regulations (repealed); the Customs Regulations; the Excise Duty (Goods Imported by Persons Travelling from Third Countries) Regulations.