- Finance Bill 2024 tabled on 13 May 2024
- Changes effective from 1 July 2024
- Proposal to eliminate offset of other taxes against Withholding VAT credits
- Section 17(5)(c) of VAT Act to be deleted
- WHVAT credits to be payable directly to taxpayer without offset provision
- Provision for application for refunds of excess WHVAT still exists in law
Source: globaltaxnews.ey.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.
