Amendment of Act 17 of 2013- Charge of commodities transaction tax - Value of taxable commodities transaction

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..... dity derivatives , the words or option on commodity derivatives shall be inserted with effect from the 1st day of April, 2018; (b) for sections 117 and 118, the following sections shall be substituted with effect from the 1st day of April, 2018, namely:- Charge of commodities transaction tax. 117. On and from the 1st day of April, 2018, there shall be charged a commodities transaction tax in respe .....

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..... le commodities transaction relating to a commodity derivative, shall be the price at which the commodity derivative is traded; (b) in the case of a taxable commodities transaction relating to an option on commodity derivative, shall be- (i) the option premium, in respect of transaction at serial number 2 of the Table in section 117; (ii) the settlement price, in respect of transaction at serial nu .....

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