Under the budget proposals, expenditures are expected to be financed in part by additional revenue that would be derived from a proposed increase in the value added tax (VAT) rate from 5% to 7.5%.
Read more: KPMG
A circular issued 30 April 2020 reflects the implementation of new fiscal policy measures aimed at facilitating imports of medical supplies in response to the coronavirus (COVID-19) pandemic.
Source: KPMG / Signal
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