Region

Jurisdiction

Regulator

2015-01-01

Banks (Tax on Assets) (Amendment) Act, 2015-13

The Parliament of Barbados enacted the Banks (Tax on Assets) (Amendment) Act, 2015-13 to modify the Banks (Tax on Assets) Act, 2013-20. The legislation updates the definition of 'Commissioner' to mean the Revenue Commissioner and extends the Act's application period by one year. Specifically, the amendment changes the relevant deadlines from August 31, 2015, and March 31, 2015, to August 31, 2016, and March 31, 2016, respectively.

Barbados

Central Bank of Barbados

Supplement to Official Gazette No. 26 dated 30th March, 2015 BANKS (TAX ON ASSETS) (AMENDMENT) ACT, 2015-13 Arrangement of Sections

Short title
Amendment of section 2 of Act 2013-20
Amendment of section 13 of Act 2013-20

BANKS (TAX ON ASSETS) (AMENDMENT) ACT, 2015-13 3 BARBADOS I assent ELLIOTT BELGRAVE Governor-General 27th March, 2015. 2015-13 An Act to amend the Banks (Tax on Assets) Act, Act 2013-20 to (a) provide for a new definition of the word "Commissioner"; and (b) extend the period of application of the Act. [Commencement: 30th March, 2015] ENACTED by the Parliament of Barbados as follows:

4 BANKS (TAX ON ASSETS) (AMENDMENT) ACT, 2015-13 Short title 1. 2015. This Act may be cited as the Banks (Tax on Assets) (Amendment) Act, Amendment of section 2 of Act 2013-20 2. Section 2 of the Banks (Tax on Assets) Act (Act 2013-20), in this Act referred to as the principal Act, is amended by deleting the definition of "Commissioner" and substituting the following: " "Commissioner" means the Revenue Commissioner; and ". Amendment of section 13 of Act 2013-20 3. Section 13 of the principal Act is amended (a) in subsection (1) by deleting the words "31' day of August, 2015" and substituting the words "31" day of August, 2016"; and • (b) in subsection (2) by deleting the words "31' March, 2015" and substituting the words "31" day of March, 2016".