Finance (No. 2) Bill, 2012 – H.B. 6, 2012 (a) with effect from the 1st November, 2012, in paragraph 4(o) by the deletion of “seven hundred United States dollars” and the substitution of “one thousand United States dollars”; (b) with effect from the year of assessment beginning on the 1st January, 2013, in paragraph 8 by the insertion of the following subparagraph after subparagraph (2) — “(3) Half the amount or value of a school benefit referred to in paragraph (f)I(a)(vi) of the definition of “advantage or benefit” in section : Provided that this exemption shall not apply to more than three of the children of the employee concerned.”. PART III VALUE ADDED TAX 6 Amendment of section 12A of Cap. 23:12 With effect from the 1st January, 2013, section 12A (“Deferment of collection of tax on capital goods”) of the Value Added Tax Act [Chapter 23:12] is amended by the repeal of subsection (2) and the substitution of⎯ “(2) Where any person in favour of whom a deferment has been authorised in terms of subsection (1) — (a) sells, re-exports or otherwise disposes of such goods before or after the expiry of the period of the deferment, without having used them in the manner that qualified them for deferment of payment of tax in terms of subsection (1); or (b) fails to pay the deferred tax by the date which the Commissioner fixes in terms of subsection (1) as the date on which the payment of the deferred tax is due; such person shall become liable, iin addition to an trax for which he or she is liable on such disposal, to an additional amount of tax equal to the tax paid or payable by him or her on the expiry of the period of the deferment, together with interest thereon calculated in accordance with section 46: Provided that if the Commissioner is satisfied that the disposal of the goods in question or the delay in paying the deferred tax was not due to an intent to evade the provisions of this section the Commissioner may waive the payment of the whole or such part of the additional amount of tax payable as the Commissioner thinks fit.”. PART IV CUSTOMS AND EXCISE 7 Amendment of section 172B of Cap. 23:02 Section 172B (“Special excise duty on sales of second-hand motor vehicles”) (1) of the Customs and Excise Act [Chapter 23:02] is amended by the insertion of the following paragraph after paragraph (d)⎯ “or (e) to the Government of Zimbabwe by a private voluntary organisation or a nonresident entity in circumstances where the vehicle is donated upon the completion of a project that was the subject of an agreement between the ‘Government and the organisation or entity concerned.”. 6