Various Revenue Acts Bill
26 February 2021
Bill 199 published on 25 February 2021 proposes a series of amendments to the following legislation:
- Income Tax Act
- Income Tax Management Act
- Duty on Documents and Transfer Act
- Value Add Tax Act
The stated objects and reasons of the Bill are to amend a number of provisions in the revenue acts in order to strengthen the powers of the Commissioner for Revenue in the fight against tax evasion by giving more powers of investigation and allowing for the sharing of information, further to the recommendations made by the Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (MONEYVAL).