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Superwash Expansion Faces Challenges Due to $1m VAT Reform, Says Former Minister D’Aguilar

  • Superwash plans to create 25 jobs with a new laundromat location.
  • Legal reforms prevent reclaiming VAT on construction expenses over $1m.
  • Dionisio D’Aguilar finds the VAT Act changes disconcerting.
  • The changes create extra costs and uncertainties for businesses.
  • Companies may face bureaucracy and delays in applying for VAT exemptions.
  • Concerns about the exemption application process and its monthly basis.
  • D’Aguilar suggests a simpler way for trusted firms to handle VAT exemptions.
  • He questions the practicality of the current VAT refund process.
  • Superwash is planning a new location, with construction starting later in the year.

Source: tribune242.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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