Wednesday, December 11, 2024

Tag Archives: VAT on Cooking Oil

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Exemption of VAT on cooking oil in best interest of Malawians – Gwengwe

BY UCHIZI MBANGE Minister of Finance and Economic Affairs Sosten Gwengwe has said passing of the Value Added Tax Bill which will, among others, allow the removal of a 16.5 percent threshold on cooking oil, is a positive step towards ensuring that the citizenry is not overburdened with for crucial basic needs. The passed bill also exempts VAT on water,...