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Finance Ministry Proposes Extension of VAT Cut to 8% in Select Sectors Until June 2023

  • Finance ministry proposes to extend cut of value-added tax to 8% from 10% in some sectors
  • Proposal is to continue this extension until end of June next year
  • Statement was released on the government’s website

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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