The VAT, which came into force on 1 January 1999, has replaced the turnover tax. The VAT is imposed at rates of 5%, 10% and 20%. Exports are zero-rated. VAT is computed by the tax deduction method or the direct taxation method.
The VAT, which came into force on 1 January 1999, has replaced the turnover tax. The VAT is imposed at rates of 5%, 10% and 20%. Exports are zero-rated. VAT is computed by the tax deduction method or the direct taxation method.