- Chairperson of Finance and National Planning Committee tabled Finance Bill 2024 on 13 May 2024
- Changes will be effective from 1 July 2024
- Bill proposes elimination of manufacturers’ deduction for input tax on taxable supplies to official aid funded projects
- Section 17(8) of VAT Act to be deleted
- Manufacturers will not be able to claim input tax on supplies to official aid funded projects
Source: globaltaxnews.ey.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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