Land Tax (Amendment) (No. 2) Act, 2012 (No. 16 of 2012)

1. Short title.

2. Amendment of section 6A of Cap. 78A.

3. Amendment of section 6B of Cap. 78A.

4. Amendment of section 6C of Cap. 78A.

5. Amendment of section 6D of Cap. 78A.

6. Insertion of new sections 61 and 6J in Cap.78A.

7. Commencement. BARBADOS I assent Ewan' F. BELGRAVE Governor-General 3rd August, 2012. 2012 — 16 An Act to amend the Land Tax Act. (13th August, 2012.) Commence- ment. ENACTED by the Parliament of Barbados as follows:

1. This Act may be cited as the Land Tax (Amendment)(No. 2) Short title Act, 2012. LAND TAX (AMENDMENT) (NO.2) ACT, 2012- 16 Amendment 2. Section 6A of the Land Tax Act, in this Act referred to as 6A of the principal Act, is amended by adding the following at the end of that Cap. 7M section: "; but the actual amount payable shall not exceed $60,000.". Amendment 3. Section 6B(1) of the principal Act is deleted and the following of sew' is substituted: 611 of Cap. 78A. "(1) A pensioner shall pay tax at the rate specified under section 6(1), and with effect from 1st April, 2011, where the tax is paid at the time prescribed in section 28, the actual amount payable shall be calculated on 50 per cent or such greater per cent of the tax demanded as determined by the Minister by order.". Amendment 4. Section 6C of the principal Act is deleted and the following of section • 6C of is substituted: Cap. 78A "(6C) A hotel shall pay tax at the rate specified in section 6(1), and with effect from 1st April, 2011, where the tax is paid at the time prescribed in section 28, the actual amount payable shall be calculated on 50 per cent of the tax demanded; but no such reduction shall be permitted unless it is a hotel within the meaning Cap. 341, of section 2 of the Tourism Development Act.". Amendment 5. Section 6D(1) of the principal Act is deleted and the following of section • substituted: is 6D of Cap. 78A. "(1) The proprietor of a villa shall pay tax at the rate specified in section 6(1), and with effect from 1st April, 2011, where the tax is paid at the time prescribed in section 28, the actual amount payable shall be calculated on 75 per cent of the tax demanded.". LAND TAX (AMENDMENT) (NO.2) ACT, 2012 - 16 3

6. The principal Act is amended by inserting the following new Insertion of new sections after section 6H: sections 61 and 61 in Cap 78A "Tax 61. With effect from 1st April, 2012, where a payable by manufac- company or an individual manufactures goods in any turers calendar year for export, the value of which is $100,000 or more, the amount of tax payable by that company or individual under section 6(1) shall be calculated on 50 per cent of the tax demanded if, (a) the tax is paid at the time prescribed in section 28; (b) the Ministry responsible for Industry certifies that the company or individual is engaged in the manufacture of goods for export, the value of which is $100,000 or more; and (c) the Comptroller of Customs and the Commissioner of Inland Revenue certifies that no tax is outstanding by the company or Cap 87 individual under the Value Added Tax Act and Cap 73 the Income Tax Act respectively. it 6J. With effect from 1st April, 2012, where a payable by businesses company or an individual is engaged in the production involved in of solar energy or the manufacture of goods to be used solar energy in the production of solar energy, the amount of tax payable by that company or individual under section 6(1) shall be calculated on 50 per cent of the tax demanded if, (a) the tax is paid at the time prescribed in section 28; 4 LAND TAX (AMENDMENT) (NO. 2) ACT, 2012— 16 (b) the Ministry responsible for Energy certifies that the company or individual is engaged in the production of solar energy or the manufacture of goods to be used in the production of solar energy; and (c) the Comptroller of Customs and the Commissioner of Inland Revenue certifies that no tax is outstanding by the company or Cap 87 individual under the Value Added Tax Act and Cap 73 the Income Tax Act respectively.". Commence- 7. The amendment directed to be made to section 6A of ment the principal Act by section 2 of this Act shall have effect from 20th December, 2007.