- Changes have been made to the Value Added Tax General Implementation Communiqué.
- The VAT rates for food and beverage sales have been increased to 10% and 20%.
- Businesses that provide food and beverage services without proper permits will also be subject to VAT.
- The changes will come into effect at the beginning of the following month after the publication of the Communiqué.
- The implementation of the Communiqué will be overseen by the Minister of Treasury and Finance.
Source: alomaliye.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
