- The 2026 budget statement was delivered by the Minister of Finance on March 16, 2026.
- Proposed extension of VAT and excise tax holiday on electric vehicles (EVs) until March 31, 2029.
- A 10% import duty on EVs will apply during this period.
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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