- VAT will be eliminated on locally made furniture and jewelry.
- Import duties and VAT will be removed on security equipment like cameras and alarm systems.
- A flat tax will be introduced on double-cab pickups.
- VAT will be removed on new motor vehicles below 1500cc and on new electric and hybrid vehicles below 2000cc.
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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