No. 1/2019 Finance (l) the transfer of money from a medical aid society registered in terms of the Medical Services Act to a medical service provider in settlement of a claim for services rendered by that provider; (m) the transfer of money in the form of insurance premiums— (i) by insurance brokers to insurance companies; and (ii) by insurance companies to reinsures, retrocessionanaires and asset managers registered in terms of the Asset Management Act [Chapter 24:26] (No. 16 of 2004); (n) the transfer of money to producers, sellers or exporters of minerals by the Minerals Marketing Corporation of Zimbabwe pursuant to the Minerals Marketing Corporation Act [Chapter 21:04]; (o) the transfer of money to producers or sellers of gold by Fidelity Printers and Refiners (Private) Limited; (p) the transfer of money to a successor company of the Zimbabwe Electricity Supply Authority (referred to in section 75 of the Electricity Act [Chapter 3:09]) from a trust fund credited with prepayments for electricity made by a mobile banking service provider; (q) the transfer of money by travel agents to airlines on the purchase and administration of air tickets; (r) the transfer of money involving a transaction other than one mentioned in the foregoing paragraphs, if the value of transaction is ten United States dollars or below”. (2) The collection of intermediated money transfer tax in terms of Statutory Instrument 205 of 2018 is hereby validated to the date of commencement of this Act. PART III Value Added Tax Amendments to Value Added Tax Act [Chapter 23:12] 14 Amendment of section 2 of Cap. 23:12 With effect from the 1st January, 2019, section 2 (“Interpretation”) of the Value Added Tax Act [Chapter 23:12] is amended by the repeal of the definition of “imported services” and the substitution of— ““imported services” means a supply of services that is made by a supplier who is not resident in Zimbabwe or carries on business outside Zimbabwe to a recipient who is a resident of Zimbabwe to the extent that such services are utilised or consumed in Zimbabwe;”. 15 Amendment of section 8 of Cap. 23:12 With effect from the 1st January, 2019, section 8 (“Time of supply”) of the Value Added Tax Act [Chapter 23:12] is amended by the repeal of subsection (1) and the substitution of— “(1) For the purposes of this Act, a supply of goods or services shall, except as is otherwise provided for in this Act, be deemed to take place— (a) at the time an invoice is issued by the supplier or the recipient in respect of that supply; or (b) at the time any payment of consideration is received by the supplier in respect of that supply; or (c) in the case of a supply of a moveable good, at the time of its removal from the place of sale; or 10 2019