Finance Act 2018


Finance Act 2019

Deloitte’s alert on key amendments

The Finance (Miscellaneous Provisions) Act 2019 (“FA 2019”) received the Acting President’s assent on 25 July 2019 and provides for implementation of measures announced in the budget speech. This alert covers the key fiscal and regulatory changes brought by FA 2019 and their effective dates as announced.

Some of the key amendments brought by FA 2019 relate to the introduction of a REIT regime and Controlled Foreign Company (CFC) rules as an additional anti-avoidance measure. The 80% partial exemption regime which was introduced last year has also been extended to cover income from additional activities.

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