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Apart from VAT rate increase, govt also plans to impose VAT on additional goods/services

These goods include rice and cereals; Corn; say; Soy; Consumption of salt; Flesh; Egg; Milk; Fruit; Vegetables; Sweet potatoes; Spices; and sugar consumption.

The mining and drilling products are gold, coal, other natural mineral products, and oil and gas.

The SRC Act also adds new subjects of taxable services that were previously exempt from VAT, such as medical health services, social services, postage services, financial services, and insurance services.

Source: newsbeezer.com

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