Sales tax to replace VAT

Finance

Business

Legal

October 13, 2025

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Finance Minister Davendranath Tancoo has announced the government's intention to revise and replace the Value Added Tax (VAT) system.

He said the existing system has become increasingly onerous, burdening both businesses and the Board and Inland Revenue Division.

Tancoo said this has led to a buildup of refund claims which undermine business confidence and straining fiscal management.

Finance

Business

Legal

Sourced from Newsday. Visit their website to read the full story.

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