- Inland Revenue Department is preparing for Discounted VAT Rate Days on December 13 and 21, 2024
- Approved VAT-registered businesses can offer a reduced VAT rate of 5% on eligible goods
- Vehicles will also be discounted during this time
- Only items in stock qualify for the Discounted VAT Rate
- Certain items like guns, ammunition, cigarettes, and alcoholic beverages are excluded from the promotion
- Businesses must apply to participate by December 9, 2024
- Sales report is due by January 10, 2025
- Customers can enjoy significant savings on various tangible items during the Discounted VAT Rate Days.
Source: sknird.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.
