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VAT measures in 2022 budget

  • VAT payable on gasoline would be capped at 47 cents per liter for six months. VAT payable on diesel would be capped at 37 cents per liter for six months
  • VAT on selected personal and critical care items (including vitamins, baby and adult diapers and women’s sanitary care products) would be zero-rated
  • Waiver of import duty and VAT for generators at residential homes.
  • VAT holiday on electric vehicles

Source: KPMG

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