The Tax Administration has published instructions and examples of how increases to reduced VAT rates will be applied from the turn of the year. Reduced VAT rates are changing on 1 Jan. 2025. On that ...
In order to finance the implementation of new and current expenditures, an increase in the VAT rate was tabled. Treasury argued that the growing budget deficit and high debt servicing costs will be ...
Mass confusion is reigning over the potential of a VAT hike with various reports of it either being suspended for now or coming into effect on May 1. Yet, consumer-facing companies are already telling ...
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