Categorize goods applicable for VAT and introduce a different tax rate for each category.
Why this status: Stalled. Current Inland Revenue guidance shows a single 18 percent standard VAT rate and 18 percent for financial services, with 0 percent largely limited to export supplies. It does not establish the promised differentiated VAT rates by domestic goods category.
Inspect the evidence
Evidence for (0)
None found.
Evidence against (1)
- Enacted law30 Jun 2026
“The current VAT schedule states an 18% standard rate from 1 January 2024 and an 18% rate on financial services; 0% is listed for exports rather than a category-by-category domestic rate structure.”