FLASH: National Assembly Considering Bill Seeking To Increase VAT From 7.5% To 10% By 2025
The national assembly is considering a bill proposing an increase in the value-added tax (VAT) from 7.5 percent to 10 percent. VAT refers to a consumption tax on goods and services levied at each stage of the supply chain where value is added. In the executive bill seen by TheCable on Sunday, the national assembly…