in VAT by (120 points)
related to an answer for: Interim order by SC suspends VAT increase

1 Answer

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by (4.8k points)
Customers can deny 15% vat invoice since the amendment is not yet passed in the Parliament. On the other hand the Act will impose 15% vat from May itself.  If you charge 11% then the balance may have to be paid by the company.  I think this is an issue which IRD needs to clarify. Hopefully they will give some concession to those who collect 11% until the law is passed.
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