- Expenditure incurred through suppliers who qualify for value added tax (VAT) registration (registered operators), will only be deductible for income tax purposes if supported by fiscal tax invoices. Effective date 1 January 2023.
- VAT rate to increase to 15%. This includes a supply of imported services, importation of goods and motor vehicles sold by persons who are motor dealers. Effective date 1 January 2023.
Source: KPMG
