- Removal of 14% VAT on the sale of residential properties
- Removal of 14% VAT on new (less than four years old) electric motor vehicles (not hybrid) of any power rating
- Removal of 10% excise tax on petroleum products while fuel prices remain elevated
- Excise tax and VAT to be calculated on pre-pandemic freight costs until 31 December 2023
Source: KPMG
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