The Ministry of Finance yesterday announced the passage of a bill for the abolition of the Stamp Duty on retail transactions.
A Ministry of Finance release yesterday informed that Senior Minister in the Office of the President with Responsibility for Finance, Dr Ashni Singh, had yesterday successfully piloted the Tax Amendment Act, Bill Number 9 of 2022 in Parliament during the 47th sitting of the National Assembly at the Arthur Chung Conference Centre. The amendment to the Act removes the requirement to charge stamp duties on receipts issued for retail transactions. The first reading of the Bill took place on April 13 and the second reading and passage by the National Assembly concluded yesterday.
