Bills pending debate - VAT Act27/01/11 / cata_tax-news

The Senate, at the 4th session held on 26 January 2011, returned the VAT Act with two proposed amendments to the House of Representatives

Although the Senate’s resolution has not yet been made available, the first proposed amendment is of a rather technical and legislative nature while the second one concerns the right to deduct VAT. The Senate has proposed that tax payers claiming deduction for a particular taxation period should be able to do so merely on grounds of having a tax document within the period for filing of the tax return for the said taxation period.