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2025/2026 Budget: New Tax Proposals on VAT, Exemptions, and Online Transaction Reductions

  • The 2025 2026 budget was presented on June 12, 2025
  • Introduced several tax proposals
  • Exemption on cooking gas tanks and cylinders
  • Exemption on natural gas
  • News without tax
  • Zero rating on fabric and garments
  • Zero rating of fertilizers
  • Reduction of VAT from 18 percent to 16 percent on online business to customer transactions

Source: kpmg.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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