Rabin Parmessar, the leader of the NDP party, points out that the Tax Added Value Act’s (VAT) published wording differs from the version that was adopted by the National Assembly. He promptly informed Assembly Chairman Marinus Bee of his findings.
The Act’s Article 4 Paragraph 1 specifies a 10% VAT rate. The tax rate on the items mentioned in Annex 3 to this Act is 25%, in contrast to the stipulations of paragraph 1 of this article.
The statute as published reads: Article 4 (1)
10% is the tax rate.
Section 4 (3)
In contrast to the provisions of paragraph 1, the tax rate is 25% when products listed in Annex 3 are delivered.
The substitution of “in the event of the delivery of goods” for “on the goods” in Article 4 (3) constitutes the divergence. Because of this involvement, luxury goods imports no longer have a different tariff of 25%, according to Parmessar. According to Parmessar, this benefits the importers of these commodities.
After National Assembly approval, it is typical for linguistic and technical issues to still be corrected, but the content cannot be changed.
