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Proposed VAT Changes in Finance Bill 2024: Rates Increase and Exemptions for Specific Industries

  • VAT rates for amusement parks and tour operators will increase
  • VAT exemption for imports of materials for PET chips and aircraft engine manufacturing

Source: kpmg.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.

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