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Removal of VAT on Building and Construction Materials

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Removal of VAT on Building and Construction Materials

October 16, 2020

Effective October 1, 2020, locally produced building and construction materials will no longer attract Value Added Tax.

This measure is in accordance with amendment to Schedule I of the Value Added Tax Act to include the following paragraph:

“8. Zero- rated for the purposes of section 7 are supplies of locally produced sand, stones, concrete blocks, plywood, logs and lumber of a type and quality used in construction and housing.”

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