Finance Act, 2001
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Amendment of First Schedule to Principal Act. |
199.—The First Schedule to the Principal Act is amended — | |
(a) by the insertion in paragraph (ii) after “(including the supply of goods and services incidental thereto” of “, other than the supply of research services”, | ||
(b) by the insertion in paragraph (iv) after “letting of immovable goods” of “(which does not include the service of allowing a person use a toll road or a toll bridge)”, | ||
(c) by the insertion in paragraph (ix)(a) after “persons”, of “and”, | ||
(d) by the deletion in paragraph (ix) of— | ||
(i) subparagraph (b) (inserted by the Finance Act, 1982 ), | ||
(ii) subparagraph (c) (inserted by the Finance Act, 1987 ), and | ||
(iii) of the words “the services of loss adjusters and excluding” (inserted by the Finance Act, 1994 ), | ||
and | ||
(e) by the substitution of the following for paragraph (xi): | ||
“(xi) insurance and reinsurance transactions, including related services performed by insurance brokers and insurance agents and, for the purposes of this paragraph, ‘related services’ includes the collection of insurance premiums, the sale of insurance, and claims handling and claims settlement services where the supplier of the insurance services delegates the authority to an agent and is bound by the decision of that agent in relation to that claim;”. |