Budget 2021: Increase VAT registration threshold, VAT exemption for information technology and enabling services, ….

• COVID-19 relief measures: a Board of Investment (BOI) company that supplies or donates health protective equipment and products would be exempt from VAT. Further, a VAT exemption has also been proposed on medical equipment and machinery imported and supplied, or donated, during the pandemic period (20 May to 31 December 2020).
• Voluntary VAT registration
• Special Goods and Services Tax to streamline taxes on alcohol, cigarettes, telecommunication, vehicles, and betting/gaming industries.

Source

• KPMG
• BDO

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