Section 84 (VAT) – Amendment of Item 18 of Schedule 1 to Act 77 of 1968

84. Amendment of Item 18 of Schedule 1 to Act 77 of 1968, as amended by section 26 of Act 103 of 1969, section 18 of Act 66 of 1973 and section 34 of Act 87 of 1988

 

(1)     Item 18 of Schedule 1 to the Stamp Duties Act, 1968, is hereby amended­-

(a)     by the deletion of paragraphs (4) and (6); and

(b)     by the substitution in paragraph (7) for the words “any policy” of the words “any above-mentioned policy”.

(2)     Subsection (1) shall come into operation on the commencement date in respect of insurance policies, certificates of insurance and endorsements thereon executed on or after that date and renewals thereof falling due on or after that date.