Wed | Jun 16, 2021

Revenue Administration Act passed

Published:Thursday | June 20, 2013 | 9:03 AM

The House of Representatives last night passed amendments to the Revenue Administration Act after almost 6 hours of deliberation.



The bill, which is another requirement under the International Monetary Fund programme, was passed after 6 amendments and a divide.



Twenty members of parliament supported the amendments while 13 voted no.

Twenty-nine MPs were absent.



The bill proposes, among other things, changes to the law which will facilitate a more effective exchange of information with Jamaica's treaty partners under the various double taxation agreements.



It also seeks to empower the tax authorities to obtain information on persons who might not at the time in question, be under an examination or assessment by the tax authorities.



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