- The 2026 budget statement was delivered by the Minister of Finance on March 16, 2026.
- Proposed tax measures include designating rental cars as “eligible tourism services.”
- Rental cars will be subject to a reduced VAT rate of 10%, provided they generate at least 60% foreign exchange revenue.
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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