Value Added Tax Act (Cap. 406), article 75

75. (1) The Minister may by regulations - (a) amend, cancel or substitute any of the Schedules, except for the Ninth Sc hedule, to this Act; (b) prescribe any matter which may in any particular case be deemed necessary for the purpose of avoiding significant distortions in competition which might otherwise result from the application of any of the provisions of this Act; (c) make provision for the rounding up or down of any amount in any computation made for any of the purposes of this Act, or for disregarding any small amounts in any such computation; (d) prescribe anything that may be prescribed in virtue of the provisions of this Act; (e) prescribe any conditions and determination that may, in accordance with this Ac t, be imposed or made by the Commissioner; (f) prescribe any other matter for securing the payment of the tax and generally for giving effect to the provisions of this Act, including enforcement provisions and applicable fines (multi) and administrative penalties; and (g) amend, revoke or substitute any regulations made under this Act. (2) Any guidelines, explanations or instructions relating to thi s VALUE ADDED TAX [CAP. 406. 51 Act or to any regulations prescribed in terms of sub-article (1 ) contained in a publication or circular by or under the authorit y of the Commissioner and distributed or made available to taxable perso ns in general, shall be read and construed as one with such regula tions and shall have the same effect as the regulations to the extent that such guidelines, explanations or instructions are not in confli ct with this Act or the said regulations or with guidelines, expla nations or instructions published at a later date and to the extent tha t - (a) they give a definition of any term or an interpretation or any provision contained in this Act or the regulations; (b) they determine the manner in which any provision of this Act or the regulations is to be applied; (c) they determine the manner which, in accordance with this Act or the regulations, may be determined by or subject to the approval or the discretion of the Commissioner. PART X Offences and Punishments Failure to apply for registration, or to keep or deliver records and returns. Amended by: X. 2003.40; XIII. 2005.51; IV . 2007.41; L.N. 426 of 2007; XXXII. 2007.82; L.N. 105 of 2008; II. 2009.49; XIV . 2013.4; XIII.2024.45.