Finance Act, 1979

Amendment of Third Schedule to Value-Added Tax Act, 1972.

49.—With effect as on and from the 1st day of March, 1979, the rate of value-added tax on radio receiving sets that are of the domestic or portable type or that are of a type suitable for use in road vehicles, and on gramophones, radio-gramophones and record players, shall be increased from 10 per cent. of the amount or value, as the case may be, in respect of which tax is chargeable on those goods to 20 per cent. of that amount or value and, accordingly, the Third Schedule to the Value-Added Tax Act, 1972 , shall be amended—

(a) by the deletion of “radio receiving sets and” in paragraph (xxix), and

(b) by the deletion of paragraph (xxx).