Budget 2016: Duty – free concessions

Measures to remove arbitrary, discretionary or undefined remissions

6.4      Mr. Speaker, I propose the following measures:

  1. an amendment the Regulations under the Excise Tax Act 2005, the Customs Act and the Value Added Tax Act (VAT) to exempt from the payment of excise taxes, customs duty and VAT, motor vehicles when imported by returning Foreign Service Officers who have completed official duties overseas.
  2. an amendment to the Customs Act to exempt import duty on motor vehicles imported by eligible public officers, qualifying re-migrants and settlers. The opportunity will be taken to close existing loopholes in the law that allow the abuse of the concession.

iii.       an amendment to the Customs Act to exempt baggage and household effects imported within six months upon arrival of a qualifying re-migrant.

  1. amendment to the Financial Administration and Audit Act to exempt diplomatic, consular, international, charitable and non-profit organizations, semi-autonomous agencies, government departments and public corporations from the payment of want-of-entry charges, stamp duty and environmental tax.
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