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Removal of VAT on Capital Machinery & Equipment

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Removal of VAT on Capital Machinery & Equipment

October 22, 2020

 Value Added Tax (VAT) on capital machinery and equipment used in the following industries below have been Zero-rated.

This measure took effect in accordance with the amendment to reflect the insertion of paragraph 9 to Schedule 1 of the Value-Added Tax Act:

“9. Zero-rated for the purposes of Section 17 are supplies of capital equipment and machinery used in the mining, forestry, agriculture and manufacturing industries.”

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