Nation+Building+Tax+%28Amendment%29+bill+passed
Thursday, 19 July 2018 - 10:13
Nation Building Tax (Amendment) bill passed
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The Nation Building Tax (Amendment) Bill was passed with amendments in Parliament yesterday (Jul 18).
 
An amendment was put forward to remove several sports equipment and accessories from being taxed with the aim of developing the tourist industry,
 
An amendment was also submitted for removing the tax on imported gems which are to be re-exported, chisel and beautification items.
 
In addition, amendments were also put forward for the removal of tax on high technology agricultural equipment and coconut based products.
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