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#Budget2023: VAT increased to 15 percent


#Budget2023: VAT increased to 15 percent

November 24, 2022 at 8:53 PM

The government has increased the Value Added Tax (VAT) from 12.5 to 15 per cent as part of measures to reset the economy to the path of growth.The 2.5 per cent increment is to directly support the roads sector and the government's digitalisation agenda.

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