- Talks to consolidate Goods and Services Tax rates are in final stages.
- Aim is to reduce five rates to four, including 0%.
- 12% rate will be removed.
- GST rates will decrease further.
Source: vatcalc.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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