Value Added Tax (Amendment) (No.2) Act, 2018 (Act 980)

Section 1—Section 50 of Act 870 amended The Value Added Tax Act, 2013 (Act 870) referred to in this Act as the “principal enactment” is amended in section 50 by the insertion after paragraph (b) of subsection (1), of “(c) in the case of the excess credit directly attributable to locally manufactured textiles subject to zero-rate as provided in the Second Schedule, the Commissioner-General may refund the excess credit attributable to that period upon the receipt of an application for refund of the excess credit.”.

Section 2—Second Schedule to Act 870 amended The Second Schedule to the principal enactment is amended in paragraph 2 by the insertion after subparagraph (9), of “(10), A supply of locally manufactured textiles by a local manufacturer who has been approved by the Minister responsible for Trade and Industry up to 31st December, 2021.”. Date of Gazette Notification: 31st December, 2018.