- Finance Ministry suggests 2% VAT increase may occur in May 2025 Increase follows poor GDP deficit figures Reduced VAT rates of 9% and 5% may also rise Property and income tax increases are possible National election scheduled for 4th May VAT rise may be announced before the election
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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