- Government approved 2024 Budget with amendments to tax laws
- Amendments effective on 1 February 2024
- Taxpayers subject to corporate and personal income tax with turnover of at least STD1-million must use invoicing software
- Maximum profit margin of 10% on VAT-exempt or zero-rated basic goods established
Source: ensafrica.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.
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