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Part XIII: the Refund of Deposits Regulations (repealed); the Customs Regulations; the Excise Duty (Goods Imported by Persons Travelling from Third Countries) Regulations.