Govt. hikes VAT to 18% to meet revenue targets set by IMF

Thursday, 2 November 2023 12:20 -     - {{hitsCtrl.values.hits}}

The Government on Tuesday announced it has decided to increase the Value Added Tax (VAT) rate from 15% to 18% effective from 1 January 2024 to meet the revenue targets stipulated by the International Monetary Fund (IMF). 

 

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