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National Assembly passes 5 percent Goods and Service Tax

Jun 17, 2025 3 mins read
National Assembly passes 5 percent Goods and Service Tax

The National Assembly (NA) yesterday adopted the Goods and Services Tax (Amendment) Bill, reducing the applicable GST rate to 5 percent for taxable goods and services, as proposed by the Economic and Finance Committee (EFC), down from the 7 percent rate proposed by the government.

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