VATupdate

Budget 2022: Reduced VAT rate for agricultural goods, industrial food and provision of services by gyms and dance institutions

Reduced VAT rates are provided, for amongst others,

  • specific agricultural, farming goods, industrial food and
  • the provision of services by gyms and dance institutions
  • dining, tourism etc.

We understand these reduced rates are vailid till June 30, 2022.

Source PwC

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