Finance Act 2010 - TRA

Amendmentof section 1138. The principal Act is amended in section 11 byadding immediately after subsection (2) the following newsubsections-"(3) The relief granted under subsection (l) shall notapply to motor vehicles manufactured ten years or morebefore importation.(4) Subsection (3) shall not apply to religiousorganizations. "Amendmentof section 13Amendmentofsection 16Amendmentof section 2939. The principal Act is amended in section 13(4) by-(a) adding immediately after the word "thereon"appearing at the end of that subsection thephrase "excluding VAT";(b) adding a new subsection (5) as follows:"(5) The word "premium" as used insubsection (4), means the value of airtimetopped on to a subscriber over the actualvalue of airtime paid for."; and(c) renumbering subsections (5) and (6) assubsections (6) and (7).40. The principal Act is amended in section 16, by -(a)(b)adding the words" or fiscal receipts"immediately after the words "tax invoice"wherever they appear in the section thephrase "or fiscal receipts" ; andadding immediately after subsection (4) thefollowing new subsection:"(5) Any cost incurred by a taxableperson during initial purchase of an EFDfrom an Approved Supplier shall be deemedto be an input tax."41. The principal Act is amended in section 29, by-(a) adding the words " fiscal receipt"immediately after the words ''tax invoice"appearing in subsection (1);