2019 Finance (no. 3) No.

13

PART X
ValidaTion

32 Validation of SI 295 of 2019

Statutory Instrument 295 of 2019 is validated with effect from the 20th September,
2019.
PART XI
Miscellaneous

33 Revision of amounts in revenue Acts

The provisions of the Acts specified in the first column of the Schedule are amended
to the extent specified thereto in the second column of the Schedule.

SCHEDULE (Section 31)

amendmenTs of sPecified amounTs in Various financial laws
Provision
Income Tax Act [Chapter 23:06]
Section 8 (1)(f)(II)(h)
Section 15(2)(i)(ii)
Section 15(2)(q), in proviso (i)(a) thereto
Section 15(2)(q), in proviso (i)(b) thereto
Section 15(2)(q), in proviso (i)(c) thereto
Section 15(2)(r1)
Extent of amendment
By the deletion of “one hundred
United States dollars”.
and the substitution of “one thousand
dollars”.
By the insertion of the following
subparagraph after subparagraph
H—
“I. if the period commences on or
after the 1st January, 2020,
fourteen thousand four hundred
dollars per annum;”.
and the substitution of “eighteen
thousand dollars”.
By the deletion of “four thousand
dollars”;
and the substitution of “five
thousand dollars”.
By the deletion of “one thousand six
hundred dollars”;
and the substitution of “two
thousand dollars”.
By the deletion of “one thousand six
hundred dollars”;
and the substitution of “two
thousand dollars”.
By the deletion of “eight hundred
thousand dollars”;
and the substitution of “one million
dollars dollars”.

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No. 13 Finance (no. 3) 2019

Section 15(2)(r2) By the deletion of “eight hundred

thousand dollars”.
and the substitution of “one million
dollars dollars”.
Section 15(2)(r3) By the deletion of “eight hundred
thousand dollars”.
and the substitution of “one million
dollars dollars”.
Section 15(2)(r4) By the deletion of “four hundred
thousand dollars”.
and the substitution of “five hundred
thousand dollars”.
Section 15(2)(r5) By the deletion of “four hundred
thousand dollars”.
and the substitution of “seven
hundred and fifty thousand
dollars”.
Section 15(2) w By the deletion of “twenty thousand
dollars”.
and the substitution of “twenty five
thousand dollars”.
Section 15(2)(y)(ii) By the deletion of “four thousand
dollars”.
and the substitution of “five
thousand dollars”.
Section 15(2)(kk), in the proviso thereto By the deletion of “four hundred
thousand dollars”.
and the substitution of “five hundred
thousand dollars”.
Section 16(1)(k) (vi) “By the deletion of “Eighty
thousand dollars”.
and the substitution of “one hundred
thousand dollars”.
Section 76(1) and (2) By the deletion of “four hundred
cents”.
and the substitution of “five hundred
cents”.
Section 80(1) “By the deletion of “eight thousand
dollars;”.
and the substitution of “ten thousand
dollars”.
Section 80FF (3)(a) “By the deletion of “thirty United
States dollars”.
and the substitution of “three
hundred dollars”.

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2019 Finance (no. 3) No. 13

First Schedule paragraph 1(1) (in the By the deletion of “fourteen

definition of “annuity on retirement”) thousand four hundred dollars”.
and the substitution of “eighteen
thousand dollars”.
First Schedule paragraph 3(a)(i) By the deletion of “fourteen
thousand four hundred dollars”.
and the substitution of “eighteen
thousand dollars”.
First Schedule paragraph 4(a) By the deletion of “fourteen
thousand four hundred dollars”.
and the substitution of “eighteen
thousand dollars”.
First Schedule paragraph 7(a) and (b) By the deletion of “fourteen
thousand four hundred dollars”.
and the substitution of “eighteen
thousand dollars”.
First Schedule paragraph 8(a) and (b) By the deletion of “fourteen
thousand four hundred dollars”.
and the substitution of “eighteen
thousand dollars”.
Second Schedule paragraph 8 (in paragraph By the deletion of “one thousand
(b)(i), (ii) and (ii) B of the definition of two hundred dollars”.
“fixed standard value”) and the substitution of “one thousand
five hundred dollars”.
Second Schedule paragraph 8 (in paragraph By the deletion of “fifteen thousand
(a) of the definition of “purchase price dollars”.
value”) and the substitution of “one thousand
five hundred dollars”.
Second Schedule paragraph 8 (in paragraph By the deletion of “one thousand two
(b)(i), (ii) and (ii) B of the definition of hundred dollars”.
“purchase price value”) and the substitution of “one thousand
five hundred dollars”.
Second Schedule, paragraph 10(2)(b)(i) A By the deletion of “one thousand
and B two hundred dollars”.
and the substitution of “one thousand
five hundred dollars”.
Third Schedule, paragraph 4(v) By the deletion of “three thousand
United States dollars”.
and the substitution of “thirty
thousand dollars”.

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No. 13 Finance (no. 3)
Third Schedule, paragraph 6(hl)
Third Schedule, paragraph 10(n)
Third Schedule, paragraph 10(o)
Fourth Schedule, paragraph 1(1)(p)
Fourth Schedule, paragraph 13
Fourth Schedule, paragraph 14(1)(m)
Fourth Schedule, paragraph 15(1)(a)(x)
Fourth Schedule, paragraph 15(1)(b)(ix)
Fifth Schedule, paragraph 1(1) (in
paragraph (a)(i) A of the definition of
“capital expenditure”)(ix)
601
2019
(i) By the deletion of “ten thousand
United States dollars” and the
substitution of fifty thousand
dollars”.
(ii) By the deletion of “sixty
thousand United States dollars”
and the substitution of two
hundred and forty thousand
dollars”.
By the deletion of “twenty-four
thousand dollars”.
and the substitution of “thirty
thousand dollars”.
By the deletion of “twenty four
thousand dollars”.
and the substitution of “thirty
thousand dollars”.
By the deletion of “twenty-five
thousand United States”.
and the substitution of “two hundred
and fifty thousand dollars”.
By the deletion of “fifteen thousand
United States”.
and the substitution of “one hundred
and fifty thousand dollars”.
By the deletion of “ten thousand
United States.”.
and the substitution of “one hundred
thousand dollars”.
By the deletion of “eighty thousand
dollars incurred by the taxpayer,
where the expenditure was
incurred on or after the 1st
January, 2009;”.
and the substitution of “one hundred
thousand dollars”.
By the deletion of “eighty thousand
dollars incurred by the taxpayer,
where the expenditure was incurred
on or after the 1st January, 2009;”.
and the substitution of “one hundred
thousand dollars”.
By the deletion of “eighty thousand
dollars”.
and the substitution of “one hundred
thousand dollars”.
2019 Finance (no. 3)
Fifth Schedule, paragraph 1(1) (in
paragraph (a)(i) B of the definition of
“capital expenditure”)(x)
Fifth Schedule, paragraph 1(1) (in
paragraph (b)(ii) A of the definition of
“capital expenditure”)(ix)
Fifth Schedule, paragraph 1(1) (in
paragraph (b)(ii) B of the definition of
“capital expenditure”)(viii)
Fifth Schedule, paragraph 6
Fifth Schedule, paragraph 6 (proviso)
Sixth Schedule, paragraph 4(b)
Sixth Schedule, paragraph 10(b)
Sixth Schedule, paragraph 14(a)
Sixth Schedule, paragraph 14(b)
Sixth Schedule, paragraph 15(b)
602
No. 13
By the deletion of “eighty thousand
dollars”.
and the substitution of “one hundred
thousand dollars”.
By the deletion of “four hundred
thousand dollars, where the
expenditure was incurred on or
after the 1st January, 2009”.
and the substitution of “five hundred
thousand dollars”.
By the deletion of “four hundred
thousand dollars, where the
expenditure was incurred on or
after the 1st January, 2009”.
and the substitution of “five hundred
thousand dollars”.
By the deletion of “eighty thousand
dollars”.
and the substitution of “one hundred
thousand dollars”.
By the deletion of “twelve thousand
dollars”.
and the substitution of “fifteen
thousand dollars”.
By the deletion of “twelve thousand
dollars”.
and the substitution of “fifteen
thousand dollars”.
By the deletion of “forty-three
thousand two hundred dollars”.
and the substitution of “fifty-four
thousand dollars”.
By the deletion of “forty-three
thousand two hundred dollars”.
and the substitution of “fifty-four
thousand dollars”.
By the deletion of “forty-three
thousand two hundred dollars”.
and the substitution of “fifty-four
thousand dollars”.
By the deletion of “forty-three
thousand two hundred dollars”.
and the substitution of “fifty-four
thousand dollars”.
No. 13 Finance (no. 3)
Sixth Schedule, paragraph 16(b)
Sixth Schedule, paragraph 17(2)(a)
Sixth Schedule, paragraph 17(2)(b)
Sixth Schedule, paragraph 17(2)(b)(ii) A
Sixth Schedule, paragraph 17(2)(b)(ii) B
Sixth Schedule, paragraph 17(2provisio)
Sixth Schedule, paragraph 18(2)
Sixth Schedule, paragraph 18(2)(b)
Thirteenth Schedule, paragraph 18(1)(a)(ii)
Thirteenth Schedule, paragraph 18(1)(b)
Fifteenth Schedule, paragraph 7(2)(a) and
(b)
603
2019
By the deletion of “forty-three
thousand two hundred dollars”.
and the substitution of “fifty-four
thousand dollars”.
By the deletion of “five thousand
four hundred United States
dollars”.
and the substitution of “fifty-four
thousand dollars”.
By the deletion of “forty-three
thousand two hundred dollars”.
and the substitution of “fifty-four
thousand dollars”.
By the deletion of “twenty-one
thousand six hundred dollars”.
and the substitution of “twenty-
seven thousand dollars”.
By the deletion of “twenty-eight
thousand eight hundred dollars”.
and the substitution of “thirty-six
thousand dollars”.
By the deletion of “forty-three
thousand two hundred dollars”.
and the substitution of “fifty-four
thousand dollars”.
By the deletion of “five thousand
four hundred United States
dollars”.
and the substitution of “fifty-four
thousand dollars”.
By the deletion of “twenty-one
thousand six hundred dollars”.
and the substitution of “twenty-
seven thousand dollars”.
By the deletion in of “forty cents”.
and the substitution of “fifty cents”.
By the deletion in of “forty cents”.
and the substitution of “fifty cents”.
By the deletion in of “four thousand
eight hundred dollars”.
and the substitution of “six thousand
dollars”.
2019 Finance (no. 3) No. 13

Fifteenth Schedule, paragraph 7(2)(b) and By the deletion in of “four thousand

(c)
Fifteenth Schedule, paragraph 7(2)(c) and
(d)
Fifteenth Schedule, paragraph 7(2) (d)
Fifteenth Schedule, paragraph 7(3)(a) and
(b)
Fifteenth Schedule, paragraph 7(3)(b) and
(c)
Fifteenth Schedule, paragraph 7(3)(c) and
(d)
Fifteenth Schedule, paragraph 7(3)(d)
eight hundred dollars and five
thousand seven hundred and
sixty dollars”.
and the substitution of “six thousand
dollars and seven thousand two
hundred dollars”.
By the deletion in of “five thousand
seven hundred and sixty dollars
and six thousand seven hundred
and twenty dollars”.
and the substitution of “seven
thousand two hundred dollars
and eight thousand four hundred
dollars”.
By the deletion of “six thousand
seven hundred and twenty
dollars and Seven thousand six
hundred and eighty dollars”.
and the substitution of “eight
thousand four hundred dollars
and nine thousand six hundred
dollars”.
By the deletion of “three thousand
eight hundred and forty dollars”.
and the substitution of “four
thousand eight hundred dollars”.
By the deletion of “three thousand
eight hundred and forty dollars
and four thousand eight hundred
dollars”.
and the substitution of “four
thousand eight hundred dollars
and six thousand dollars”.
By the deletion of “four thousand
eight hundred dollars and five
thousand eight sixty dollars”.
and the substitution of “six thousand
dollars and seven thousand two
hundred dollars”.
By the deletion of “five thousand
seven hundred and sixty dollars
and six thousand seven hundred
and twenty dollars”.
and the substitution of “seven
thousand two hundred dollars
and eight thousand four hundred
dollars”.

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No. 13 Finance (no. 3) 2019

Twentieth Schedule, paragraph 5(1)(e) By the deletion of “eighty thousand

dollars”.
and the substitution of “one hundred
thousand dollars”.
Twentieth Schedule, paragraph 5(1)(f) By the deletion of “eighty thousand
dollars”.
and the substitution of “one hundred
thousand dollars”.
Twentieth Schedule, paragraph 5(g)(ii)(A)V By the deletion of “twenty-five
thousand United States”.
and the substitution of “two hundred
and fifty thousand dollars”.
Twentieth Schedule, paragraph 5(g)(ii)(B)IV By the deletion of “twenty-five
thousand United States”.
and the substitution of “two hundred
and fifty thousand dollars”.
Twenty-Second Schedule, paragraph 6(2)(f) By the deletion of “four hundred
thousand dollars”.
and the substitution of “two hundred
and fifty thousand dollars”.
Twenty-Second Schedule, paragraph 6(2)(g) By the deletion of “eighty thousand
dollars”.
and the substitution of “one hundred
thousand dollars”.
Twenty-Second Schedule, paragraph 6(h) By the deletion of “eighty thousand
(ii)A IV dollars”.
and the substitution of “one hundred
thousand dollars”.
Twenty-Second Schedule, paragraph 6 B By the deletion of “one million two
VIII hundred thousand dollars”.
and the substitution of “one million
five hundred thousand dollars”.
Twenty-Sixth Schedule, paragraph 1 By the deletion of “forty-eight
(in paragraph (a) of the definition of thousand dollars”.
“informal trader”) and the substitution of “sixty
thousand dollars”.

Finance Act [Chapter 23:04]

Section 10
Credit for taxpayers over 55 years of age
By the deletion of “twenty United
States dollars”.
and the substitution of “one hundred
and sixty dollars”.
By the deletion of “seven thousand
two hundred dollars”.
and the substitution of “nine thousand
dollars”.

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2019 Finance (no. 3) No. 13

Section 11 Blind person’s credit By the deletion of “seven thousand

two hundred dollars”.
and the substitution of “nine thousand
dollars”.
Section 13 Mentally or physically disabled By the deletion of “seven thousand
person credit two hundred dollars”.
and the substitution of “nine thousand
dollars”.
Presumptive Tax
Taxicabs By the deletion of “five hundred
United States dollars”.
and the substitution of “four hundred
dollars”.
Section 22C (c) By the deletion of “twenty five United
States dollars”.
and the substitution of “two hundred
and fifty dollars”.
Omnibuses seating accommodation for not By the deletion of “two United States
less than eight or more than fourteen dollars”.
passengers and the substitution of “one thousand
six hundred dollars”.
Section 22C (d) By the deletion of “forty United States
dollars”.
and the substitution of “four hundred
dollars”.
Omnibuses seating accommodation for not By the deletion of “two United States
less than fifteen or more than twenty-four dollars”.
passengers and the substitution of “sixteen
dollars”.
Section 22C (e) By the deletion of “forty five United
States dollars”.
and the substitution of “four hundred
and fifty dollars”.
Omnibuses seating accommodation for not By the deletion of “six United States
less than twenty-five or more than thirty- dollars”.
six passengers. and the substitution of “forty-eight
dollars”.
Section 22C (f) By the deletion of “seventy United
States dollars”.
and the substitution of “Seven hundred
dollars”.
Omnibuses seating accommodation for not By the deletion of “one hundred
less than thirty-seven passengers United States dollars”.
and the substitution of “eight hundred
dollars”.

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No. 13 Finance (no. 3) 2019

Section 22C (g) By the deletion of “one hundred

United States dollars”.
and the substitution of “one thousand
dollars”.
Operators of goods vehicles of more than ten By the deletion of “ten United States
tonnes but less than twenty tonnes dollars”.
and the substitution of “eighty dollars”.
Section 22C (h)(i) By the deletion of “two hundred
United States dollars”.
and the substitution of “two thousand
dollars”.
Operators of goods vehicles of ten tonnes By the deletion of “fifty United States
or less but which is driving one or more dollars”.
trailers resulting in a combined carrying and the substitution of “four hundred
dollars”.
capacity of more than fifteen tonnes but less By the deletion of “twenty United
than twenty tonnes, States dollars”.
and the substitution of “one hundred
and sixty dollars”.
Section 22C (h)(ii) By the deletion of “five hundred
United States dollars”.
and the substitution of “five thousand
dollars”.
Operators of goods vehicles of twenty tonnes By the deletion of “twenty United
or more States dollars”.
and the substitution of “one hundred
and sixty dollars”.
Section 22C (h)(iii) By the deletion of “five hundred
United States dollars”.
and the substitution of “five thousand
dollars.”.
Operators of driving schools providing By the deletion of “ten United States
driving tuition Class 4 vehicles only cents”.
and the substitution of “eighty cents.”.
Section 22C (i)(i) By the deletion of “one hundred
United States dollars”.
and the substitution of “one thousand
dollars.”.
Operators of driving schools providing By the deletion of “one United States
driving tuition Class 1 and 2 vehicles dollars”.
and the substitution of “eight hundred
dollars”.
Section 22C (i)(ii) By the deletion of “one hundred
United States dollars”.
and the substitution of “one thousand
dollars”.
Hairdressing salons

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2019 Finance (no. 3)
Section 22C (j)
Operators of restaurants or bottle-stores
Section 22C (l)
Cottage industry operators
Section 22C (m)
Operators of commercial water borne vessels
of not more than five passengers
Section 22C (n)(i)
Operators of commercial water borne vessels
of six passengers but less than sixteen
passengers
Section 22C (n)(ii)
Operators of commercial water borne vessels
of sixteen passengers but less than twenty-
six passengers
Section 22C (n)(iii)
Operators of commercial water borne vessels
of more than twenty-six passengers but
less than fifty passengers
Section 22C (n)(iv)
Operators of commercial water borne vessels
of fifty or more passengers
Section 22C (n)(v)
No. 13
By the deletion of “ten United States
dollars”.
and the substitution of “one hundred
dollars”.
By the deletion of “seventy United
States dollars”.
and the substitution of “seven hundred
dollars”.
By the deletion of “seventy United
States dollars”.
and the substitution of “seven hundred
dollars”.
By the deletion of “sixty United States
dollars”.
and the substitution of “six hundred
dollars”.
By the deletion of “one hundred
United States dollars”.
and the substitution of “one thousand
dollars”.
By the deletion of “two hundred
United States dollars”.
and the substitution of “two thousand
dollars”.
By the deletion of “three hundred and
fifty United States dollars”.
and the substitution of “three thousand
five hundred dollars”.
By the deletion of “four hundred and
fifty United States dollars”.
and the substitution of “four thousand
five hundred dollars”.
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No. 13 Finance (no. 3) 2019

Operators of commercial water borne vessels

of fishing rigs
Section 22C (n)(o) By the deletion of “eighty United
States dollars”.
and the substitution of “eight hundred
dollars”.
Capital Gains Act [Chapter 23:01]
Section 2(1) (in the proviso to the definition By the deletion of “eight hundred
of “assessed capital loss”) dollars”.
and the substitution of “one thousand
dollars”.
Section 10(m) By the deletion of “fourteen thousand
four hundred dollars”.
and the substitution of “eighteen
thousand dollars”.
Section 11(2)(h) By the deletion of “four hundred
dollars”.
and the substitution of “five hundred
dollars.”.
Customs and Excise [Chapter 23:02]
Provisions Extent of amendment
Customs and Excise (Inward Processing) By the deletion of “one hundred and
(Rebate) Regulations, 1997 [SI 59 of sixty dollars”.
1997] Section 4 (“Registration”) (7) and and the substitution of “two hundred
(8) dollars”.
Customs and Excise (Motor Vehicle By the deletion of “one hundred and
Assembly) (Rebate) Regulations, 1999 sixty dollars”.
[SI 13 of 1999] Section 5 (“Registration and the substitution of “two hundred
of Assemblers”) (6) and (7) dollars”.
Customs and Excise (Pharmaceutical By the deletion of “one hundred and
Manufacturers) (Rebate) Regulations, sixty dollars”.
2005 [SI 174 of 2005] Third Schedule and the substitution of “two hundred
(“Fees”) dollars”.
Customs and Excise (Spirit) (Rebate) By the deletion of “one hundred and
Regulations, 1997 [SI 59 of 1997] Section sixty dollars”.
14 (“Fees”) (1)(a) and (b) and the substitution of “two hundred
dollars”.
Customs and Excise (Spirit) (Rebate) By the deletion of “eighty cents”.
Regulations, 1997 [SI 59 of 1997] Second and the substitution of “one dollar”.
Schedule (“Rebate of Customs Duties”)
items 1(a), (b), (c), (e) and (f), 6 (a) and
(b), 7 (a), (b), (c) and (d) and 8
Customs and Excise (Spirit) (Rebate) By the deletion of “eight hundred
Regulations, 1997 [SI 59 of 1997] Second dollars”.
Schedule (“Rebate of Customs Duties”) and the substitution of “ten dollars”.
item 4 (h) and (m)
Customs and Excise (Spirit) (Rebate) By the deletion of “eight hundred
Regulations, 1997 [SI 59 of 1997] Third dollars”.
Schedule (“Rebate of Excise Duties”) item and the substitution of “ten dollars”.
1 (p) and (w)

609