- SRB has released sales tax rates on telecom services for tax year 2024-25
- The tax rate is set at 19.5% for a wide range of telecom services
- This rate applies to telecommunication, telephone, internet services, and more
- Bandwidth services and internet services are also taxed at 19.5%
- Value-added services like VPN and digital signature services are included in the tax
- The consistent tax rate aims to provide stability and predictability for businesses and consumers
- The tax structure is streamlined to aid in compliance and administration
- The uniform tax rate of 19.5% is part of a balanced fiscal policy to keep telecom services accessible and affordable.
Source: pkrevenue.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.
Join our Linkedin Group on ”VAT Rates – Legislative changes”, click HERE
