VAT to be increased to 18-pct from 2024; coverage will be expanded to meet targets agreed with IMF

VAT to be increased to 18-pct from January; coverage will be expanded to meet targets agreed with IMF

The current Value Added Tax (VAT) rate is to be increased to 18% with effect from 01-01-2024, and to impose the tax on certain goods and services to which the Value Added Tax does not apply. According to the Cabinet of Ministers, this will be carried out to achieve the tax revenue and primary balance […]