Act No. VIII of 2021 - Various Revenue Acts (Amendment) Act
Thirteenth Legislature (2017 - 2022)
| Download the Document | |
| Published on | 12 March 2021 |
Bill No. 199 - Various Revenue Acts (Amendment) Bill
| Debated in | 1st Reading | 2nd Reading | Committee | Recommittal | 3rd Reading |
|---|---|---|---|---|---|
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Sitting No. 431
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23 Feb 2021
Plenary Session |
⦿ | ||||
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Sitting No. 435
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03 Mar 2021
Plenary Session |
⦿ | ||||
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Sitting No. 043
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09 Mar 2021
Adjunct Committee for the Consideration of Bills |
⦿ | ||||
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Sitting No. 439
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11 Mar 2021
Plenary Session |
⦿ |
Objects and Reasons
The objects and reasons of this 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. The said amendments are in line with recommendations made by the Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (MONEYVAL).