- Finance Bill 2026 introduces a new VAT option: 15% VAT may be charged only on actual value addition at the post-production stage for goods that are exempted or reduced-rated at the production stage.
- This applies only if supporting purchase invoices are available and an Input-Output Coefficient declaration is submitted.
- For these cases, the required form will be Mushak 4.3.1 instead of the general Mushak 4.3.
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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