Government Proposes Reclassification of Zero-Rated Goods to Exempt Status to Reduce VAT Refunds

Government plans to change some zero-rated goods and services to exempt status
Aim is to reduce VAT refund claims
Reclassification will increase prices as input VAT will be passed to consumers
Proposed changes include inputs and raw materials for pharmaceutical manufacturing
Supply of electric bicycles
Transportation of sugarcane to milling factories
Locally assembled and manufactured mobile phones
Inputs or raw materials for animal feed manufacturing

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.