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Amendment of section 126AB of Principal Act (further levy on certain financial institutions)
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83. Section 126AB of the Principal Act is amended—
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(a) in subsection (1), by the substitution of the following definition for the definition of “base year”:
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“ ‘base year’ means—
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(a) in respect of each of the years 2024 and 2025, the year 2022, and
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(b) in respect of the year 2026, the year 2024;”,
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(b) in subsection (2), by the substitution of “each of the years 2024 to 2026 (both years inclusive)” for “each of the years 2024 and 2025”, and
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(c) by the substitution of the following subsection for subsection (3):
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“(3) There shall be charged on every statement delivered under subsection (2) a stamp duty of an amount equal to—
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(a) for the years 2024 and 2025, 0.112 per cent of the assessable amount shown in the statement, and
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(b) for the year 2026, 0.1025 per cent of the assessable amount shown in the statement.”.
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