Finance Act 2010 - TRA

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"principal Act".Amendmentof section 2834. The principal Act is amended in section 23 by -(a) adding immediately after subsection (2) thefollowing-"(3) A person of, or above sixty years and a personliving with disabilities who has no soUrce of income shall beexempted from payment of property tax for one livingresidential rateable property.(4) The local government authorities shallestablish a mechanism for betterimplementation of subsection (3)."(b) renumbering subsections (3), (4) and (5) assubsections (5), (6) and (7) respectively.PARTXllAMENDMENT OFTIffi VALUE ADDED TAX Acr, (CAP. 148)ConstructionCap. 148Amendmentof section 2GN.No.192 of 2010Amendmentof section 535. This Part shall be read as one with the ValueAdded Tax Act hereinafter referred to as the "principalAct". .36. The principal Act is amended in section 2 byinserting in its appropriate alphabetical order the followingdefinition:''fiscal receipt" means a fiscal document printed byelectronic fiscal device for the customer of goods orservices supplied to him bearing the contents specifiedunder the Value Added Tax (Electronic Fiscal Devices)Regulations, 2010;."37. The principal Act is amended in section 5(2) bydeleting the word "goods" appearing at the end of thatsubsection and substituting for it the word "services".
Amendmentof section 1138. The principal Act is amended in section 11 byadding immediately after subsection (2) the following newsubsections-"(3) The relief granted under subsection (l) shall notapply to motor vehicles manufactured ten years or morebefore importation.(4) Subsection (3) shall not apply to religiousorganizations. "Amendmentof section 13Amendmentofsection 16Amendmentof section 2939. The principal Act is amended in section 13(4) by-(a) adding immediately after the word "thereon"appearing at the end of that subsection thephrase "excluding VAT";(b) adding a new subsection (5) as follows:"(5) The word "premium" as used insubsection (4), means the value of airtimetopped on to a subscriber over the actualvalue of airtime paid for."; and(c) renumbering subsections (5) and (6) assubsections (6) and (7).40. The principal Act is amended in section 16, by -(a)(b)adding the words" or fiscal receipts"immediately after the words "tax invoice"wherever they appear in the section thephrase "or fiscal receipts" ; andadding immediately after subsection (4) thefollowing new subsection:"(5) Any cost incurred by a taxableperson during initial purchase of an EFDfrom an Approved Supplier shall be deemedto be an input tax."41. The principal Act is amended in section 29, by-(a) adding the words " fiscal receipt"immediately after the words ''tax invoice"appearing in subsection (1);
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Finance Act 2010 - TRA

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