VATupdate
VAT

Share this post on

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

Sponsors:

VAT news
VAT news

Advertisements:

  • AXWAY - VATupdate Banner
  • VATupdate.com