Financial Administration and Audit (Amendment) Bill, 2016
Financial Administration And Audit(Amendment) Bill, 2016
This Bill seeks to amend the Financial Administration and Audit Act to prevent a
company from receiving a Tax Compliance Certificate unless the Financial Secretary is
satisfied prior to issuing the Certificate that any other company with similar
shareholding, or the significant shareholders thereof have fulfilled its obligations to
pay monies due to the Government under the enactments specified in Part B of the
Schedule.
Annex E
OBJECTS AND REASONS
[399]
2016/2017
DRAFT
ESTIMATES
OF REVENUE &
EXPENDITURE
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