VATupdate

Share this post on

Budget 2023: Gov’t removes VAT on new electric cars

The government is proposing the the removal of Value Added Tax (VAT) on new electric vehicles (EV, not hybrid) of any power rating.

This is according to Finance Minsiter Dr. Ashni Singh, who explained that new vehicles refers to cars less than four years old.

Source: newsroom.gy

Sponsors:

VAT news

Advertisements:

  • AXWAY - VATupdate Banner