Tag: VAT
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Industry Welcomes VAT at 6% and Calls for Clarity on Ongoing Processes
Industry Welcomes VAT at 6% as a Growth Engine The sector-wide response to the proposed VAT reduction to 6% has been broadly positive, with business leaders pointing to a potentially powerful boost for demand, investment, and job creation. In comments echoed by many associations, the measure is seen as a fundamental instrument to stimulate activity…
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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…