- Act 1151 gives the Commissioner-General authority to exempt compliant taxpayers from withholding VAT.
- This supports a risk-based approach to VAT administration.
- Compliant taxpayers face fewer withholding obligations.
- Tax authorities can focus enforcement on higher-risk cases.
Source: assets.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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