29 Aug 2018 in National Assembly:
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29 Aug 2018 in National Assembly:
Hon. Temporary Deputy Chairman, I beg to move:
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29 Aug 2018 in National Assembly:
THAT, Clause 39 of the Bill be deleted.
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29 Aug 2018 in National Assembly:
This Clause was proposing an increase of interest on late payment of tax from the current 1 per cent to 2 per cent, which we found punitive. Therefore, we are deleting it to revert to 1 per cent.
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29 Aug 2018 in National Assembly:
Hon. Temporary Deputy Chairman, I beg to move:
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29 Aug 2018 in National Assembly:
THAT, Clause 45 of the Bill be amended in the proposed new section 83A by deleting the word “twenty” and substituting therefor the word “five”.
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29 Aug 2018 in National Assembly:
This Clause seeks to introduce a penalty of 25 per cent on late payment of tax. Given that there is an interest which is being charged, we found that this will be punitive. We are proposing to move it from 20 per cent to 5 per cent.
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29 Aug 2018 in National Assembly:
Hon. Temporary Deputy Chairman, I beg to move:
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29 Aug 2018 in National Assembly:
THAT, the Bill be amended by deleting Clause 50.
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29 Aug 2018 in National Assembly:
This Clause touches on scrap metal which is outlawed in Scrap Metal Act, 2015. Export of scrap metal is outlawed. You cannot propose to tax an illegal item.
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