- VAT exemptions are introduced for:
- the supply of oxygen cylinders or oxygen for medical use;
- the supply of assistive devices for persons with disabilities; and
- the supply of airport user services charged by the Civil Aviation Authority;
- Cash basis accounting is allowed for suppliers that supply goods and services to the government in order to hedge against the risk of interest and penalties arising from delayed payments by the government; and
- The VAT exemption on imported services used in the provision of an exempt supply is repealed in order to encourage businesses to use local suppliers of services such as information and communications technology services.
Source Orbitax
