Tag: Value Added Tax
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Sector Applauds 6% VAT Rate and Urges Interpretative Guidelines for Ongoing Cases
The sector applauds the 6% VAT measure and calls for interpretative standards The industry sector has welcomed the move to set the value‑added tax (VAT) at 6% for targeted goods and services, describing it as a fundamental measure and an important market incentive. The announcement is viewed as a much‑needed boost to competitiveness, helping to…
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Sector applauds VAT 6% and calls for interpretive rules for ongoing processes
Overview: broad support for VAT 6% The sector welcomed the move to set the value‑added tax rate at 6% for selected goods and services, viewing it as a meaningful incentive to stimulate the market. Industry leaders say the reduction can help lower consumer costs, boost competitiveness, and encourage investment at a time when the economy…