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Value Added Tax (Budget Amendment) Act 2021

REPUBLIC OF FIJI

VALUE ADDED TAX (BUDGET AMENDMENT) ACT 2021

ACT NO. 15 OF 2021

I assent.

J. K. KONROTE
President
[30 July 2021]

AN ACT

TO AMEND THE VALUE ADDED TAX ACT 1991

ENACTED by the Parliament of the Republic of Fiji -

Short title and commencement

1. - (1) This Act may be cited as the Value Added Tax (Budget Amendment) Act 2021.

(2) This Act comes into force on 1 August 2021.

(3) In this Act, the Value Added Tax Act 1991 is referred to as the "Principal Act".

Section 3 amended

2. Section 3(8) of the Principal Act is amended by deleting the proviso and substituting the following -

"provided that this subsection shall not apply in respect of any payment received as compensation -

• (i) under the Accident Compensation Act 2017 pursuant to a contract of insurance where the supply of that contract of insurance was -
  • (A) exempted;
  • (B) zero rated; or
  • (C) in respect of an entitlement for loss of earnings within the meaning of the Workmen's Compensation Act 1964 or accidental personal injury or damages;
• (ii) pursuant to a contract of parametric insurance.".

Section 8 amended

3. Section 8 of the Principal Act is amended by inserting the following new subsection -

"(1) Nothing shall prohibit the Chief Executive Officer from disclosing the registration status of any person.".

Section 14 amended

4. Section 14(4A)(a) of the Principal Act is amended by -

(a) after "(tourists)", deleting "and" and substituting ","; and
(b) after "individuals)", inserting ", 218A (crew allowance) and 219A (passenger's unaccompanied luggage)".

Schedule 1 amended

5. Schedule 1 to the Principal Act is amended in paragraph 1 by -

(a) in subparagraph (b)(iv) after ";", deleting "or";
(b) in subparagraph (b)(v), deleting "," and substituting "; or"; and
(c) after subparagraph (b)(v), inserting the following—

• "(vi) parametric insurance,".

Schedule 2 amended

6. Schedule 2 to the Principal Act is amended in paragraph 27 by deleting the definition of "omnibus" and substituting the following -

""omnibus" has the meaning given in section 2 of the Land Transport Act 1998; and".

Passed by the Parliament of the Republic of Fiji this 30th day of July 2021.