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News & Press: National budget

New VAT Regulation- 15% VAT and the impact on your business

Thursday, 22 February 2018   (0 Comments)
Posted by: Author: PWC
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Author: PWC

The Minister of Finance (the “Minister”) announced, in the 2018 annual budget, that the VAT rate will increase by 1% to 15% with effect from 1 April 2018 (the “effective date”). Vendors will need to act quickly to ensure compliance.

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