VAT proposals in pending legislation

• Recognize the definition of bio-degradable packing material
• Limit the period within which to claim an input tax credit
• Require the filing of VAT returns by taxable persons
• Concern the refund of tax for use of electronic receipts or invoices
• Remove certain services from the schedule of exempt supplies (supplies exempt from VAT)
• Change the rules for zero-rated supplies

Source KPMG

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