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MUC Consulting offers latest information on policies in the taxation as well as the sectors of business and economics influencing it. The information is explored and presented in the form of news, articles, opinion or column, as well as other popular writings.
VAT Rate Increase Impacts The Transfer of Agricultural Products & Subsidized Fertilizers

Regulation Update 

The increase in the Value Added Tax (VAT) rate to 11% as of 1 April 2022 and to 12% no later than 2025 will also impact the agricultural sector, primarily related to the transfer of agricultural products and subsidized fertilizers.

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