VATupdate

Launch of Public Consultation on GST (Amendment) Bill 2022

The first proposed amendment effects the change in GST rate from 7% to 8% from 1 January 2023, and from 8% to 9% from 1 January 2024.
The second proposed amendment updates the GST treatment of travel arranging services.
Other proposed amendments improve GST administration and the clarity of existing legislation, and arose from regular reviews.

Source: orbitax.com

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