Remove the simplified VAT scheme (SVAT) effective 1 January 2024
Amend the definition of “taxable period” effective 1 January 2024
Revise the remittance of VAT collected by the Director General of Customs effective 1 January 2024
Remove certain VAT exemptions as proposed in the 2023 budget effective from the last day of the month on which the bill is enacted
Source: kpmg.com
