AMENDMENTS TO THE REVENUE ACTS

Act VIII of 2021 was published on 12 March 2021 which introduces a series of amendments to a number of fiscal laws such as the Income Tax Act, the Income Tax Management Act, the Duty on Documents and Transfer Act and the Value Add Tax Act The amendments are intended 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. This is being done in view of the recommendations made by the Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism, most commonly referred to as the ‘MONEYVAL’.