23
(c) by the insertion after subsection (2) of the following subsection—
“(3) If, upon conviction of any person for an offence under subsection (1) or
(2), it is proved that that person has been previously convicted under either of those
subsections, then such person shall be liable to a fine not exceeding level fourteen or
to imprisonment for a period not exceeding twelve months or to both such fine and
such imprisonment.”.
37
Amendment of section 63 of Cap. 23:12
Section 63 (“Offences and penalties in regard to tax evasion”) of the Value Added Tax
Act [Chapter 23:12] is amended—
(a) in subsection (1) by the deletion of “a fine not exceeding two hundred thousand
dollars” and the substitution of “a fine not exceeding level twelve”;
(b) by the insertion after subsection (3) of the following subsection—
“(4) If, upon conviction of any person for an offence under subsection (1), it is
proved that that person has been previously convicted under that subsection, then
such person shall be liable to a fine not exceeding twice level twelve or to
imprisonment for a period not exceeding twenty-four months or to both such fine
and such imprisonment.”.
38
Repeal of First Schedule to Cap. 23:12
The First Schedule to the Value Added Tax Act [Chapter 23:12] is repealed.
39
Minor amendments to Cap. 23:12
The provisions of the Value Added Tax Act [Chapter 23:12] specified in the first column
of the Schedule are amended to the extent specified opposite thereto in the second column of
the Schedule.
PART VI
ESTATE DUTY
40
Amendment of Schedule to Chapter VI of Cap. 23:04
With effect from the 1st January, 2004, the Schedule to Chapter VI of the Finance Act
[Chapter 23:04] is amended⎯
(a) in paragraph 6B by the insertion after “1st January, 2003,” of “but before the 1st
January, 2004,”;
(b) by the insertion after paragraph 6B of the following paragraph⎯
“6C. In the case of the estate of a person who died on or after the 1st January,
2003, the rate of estate duty chargeable on each dollar of the dutiable amount
shall be arrived at by multiplying two-hundredths (0,02) of a cent by a
number equal to the number of complete one hundred dollars contained in
the dutiable amount, any part of one hundred dollars being regarded as a
complete one hundred dollars:
Provided that—
Select target paragraph3
Add to table of contents