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Government Considers Transition from Sales Tax to Value Added Tax System

    Government considers replacing sales tax with value added tax Proposal aims to streamline tax collection Value added tax could increase revenue Potential impact on consumers and businesses being evaluated Discussions ongoing with stakeholders

Source: research.ibfd.org

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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