- Legal Notice 231 of 2023 introduces amendments to the Eight Schedule to the VAT Act.
- The amendments include a reduced rate of 12% on certain services.
- The reduced rate will be effective from 1st January 2024.
- The services that will be subject to the reduced rate include custody and management of securities, management of credit and credit guarantees, hiring of pleasure boats, and certain healthcare services.
Source: zampadebattista.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
