VAT measures
- Extend the value added tax (VAT) Zero-Rating provision for locally manufactured textiles and locally assembled vehicles until December 2025
- Reduce the VAT rate on commercial properties from the standard rate of 15% to a 5% flat rate to simplify administration and enhance revenue mobilization
- Reduce the rate of VAT and levies on locally manufactured sanitary pads from 15% to 0%
- Restrict deductions under the Income Tax Act, 2015, Act 896 (as amended) to invoices generated through the VAT Certified Invoicing System
- Expand coverage of the VAT electronic invoicing system to cover a wider range of taxpayers
Source EY
- Join the Linkedin Group on Global E-Invoicing/E-Reporting/SAF-T Developments, click HERE
- Join our Linkedin Group on ”VAT Rates – Legislative changes”, click HERE
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