I move:
(1) THAT in this Resolution—
"the Principal Act" means the Value-Added Tax Act, 1972 (No. 22 of 1972);
"the Act of 1986" means the Finance Act, 1986 (No. 13 of 1986).
(2) THAT the rate of flat-rate addition to prices of agricultural produce or agricultural services supplied by unregistered farmers be reduced from 2.4 per cent to 1.7 per cent., and
that accordingly, section 12A (inserted by the Value-Added Tax (Amendment) Act, 1978 (No. 34 of 1978) of the Principal Act be amended by the substitution of "1.7 per cent." for "2.4 per cent." (inserted by the Act of 1986).
(3) THAT the charge of value-added tax on livestock be reduced from 2.4 per cent. to 1.7 per cent, of the taxable amount or value of such goods, and
that accordingly, section 11 (1) (inserted by the Finance Act, 1985 (No. 10 of 1985)) of the Principal Act be amended by the substitution in paragraph (d) of "1.7 per cent." for 2.4 per cent" (inserted by the Act of 1986).
(4) THAT this Resolution shall have effect as on and from the 1st day of May, 1987.
(5) IT is hereby declared that it is expedient in the public interest that this Resolution shall have statutory effect under the provisions of the Provisional Collection of Taxes Act, 1927 (No. 7 of 1927).