Object of the Bill
The object of this Bill is to amend the Value Added Tax Act, Cap. 349 to classiff the supply of goods or services by an employer to an employee at no consideration as a taxable supply; to increase the threshold for the offset in case of overpaid tax from five million shillings to ten million shillings; to amend the First Schedule to include African Reinsurance Corporation (Africa Re), International Regulatory Board of the East African Power Pool and lslamic Cooperation for the Development of the Private Sector as listed instinrtions; to amend the Second Schedule on exempt supplies for purposes of reforming the VAT exemption regime and for related matters.
Bill Document
Other Attachments
The Value Added Tax (Amendment)Bill,2024
Sponsored By Hon. Matia Kasaija (Minister of Finance, Planning and Economic Development)
Committee: The Committee on Finance, Planning and Economic Development
Start
First Reading/Committee
Bill is still at First Reading, the first reading being the first stage of a Bill passage through the Floor of Parliament and is usually a formality, it takes place without debate, and the first reading of a Bill can occur anytime in a parliamentary session.
Bill in Committee for more than 35 daysSecond Reading
Third Reading
Presentation/Waiting Assent
Assented by President
End
Bill passed on 01/01/1970
Bill Withdrawn on 01/01/1970