Finance Act, 1999

Amendment of section 32 (regulations) of Principal Act.

137.—Section 32 of the Principal Act is hereby amended in subsection (1) by the insertion of the following subparagraphs after subparagraph (h):

(ha) the keeping by persons trading in investment gold (within the meaning of section 6A) of records and the retention of such records and supporting documents or other recorded data;

(hb) the conditions under which a person may waive his right to exemption from tax on the supply of investment gold (within the meaning of section 6A);

(hc) the conditions under which an intermediary (within the meaning of section 6A) may waive his right to exemption from tax on his supply of services;

(hd) the conditions under which a person may claim a refund of tax in accordance with subsections (6)(b), (7)(b) and (8)(b) of section 6A, and the manner in which such refund may be claimed;”.