COPF approves VAT Amendment Bill with conditions (opens original article in a new tab)

The Committee on Public Finance approved the VAT Amendment Bill with conditions, including requiring executive regulations to be approved before gazetting, while discussing tax impacts on digital services and SMEs.

• COPF approved VAT Amendment Bill with conditions
• Committee discussed taxation of digital services and VAT registration threshold reduction
• Concerns raised about SMEs' compliance costs and impact on digital entrepreneurs
• COPF required executive regulations under VAT Act to be approved before gazetting