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Federal Government Eliminates VAT and Income Tax on Retail Card Payments

  • Federal government will stop collecting value added tax and income tax retentions on retail payments made with credit and debit cards
  • Resolution was published in the official gazette
  • This change will impact how taxes are collected on retail transactions using cards

Source: news.bloombergtax.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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