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Reporting sales and corresponding adjustments at 5% in VAT return form re-enabled

The National Bureau for Revenue (NBR) sent an email to taxpayers regarding re-enabling of the field for standard rated sales at 5% and corresponding adjustments/apportionment in the value added tax (VAT) return form. Taxpayers will now be able to report sales and corresponding adjustments at 5% in the VAT return form.

Source: KPMG

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