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of <h1>Finance Act 2018 Introduces Commodity Derivatives Options to Taxable Transactions; New Tax Rates Effective April 1, 2018.</h1> The Finance Act, 2018, amends the Finance Act, 2013, to include options on commodity derivatives in the scope of taxable transactions. Effective April 1, 2018, a commodities transaction tax is imposed on specified transactions. The tax rates are 0.01% for the sale of a commodity derivative, 0.05% for the sale of an option on a commodity derivative, and 0.0001% when the option is exercised, payable by the seller or purchaser as specified. The value of the taxable transaction is determined by the trading price for derivatives and the option premium or settlement price for options.
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