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Cabinet: No increase in VAT

Businessmen Team news 26 May 2025 12:39 PM
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Cabinet: No increase in VAT

A video clip published by the Cabinet of Ministers' Media Center on its social media platforms aimed to clarify recent rumors regarding an increase in Value Added Tax (VAT) and the cancellation of exemptions for essential goods.

The video asserted that no new legislation or decrees have been enacted concerning a VAT increase, emphasizing that there is no intent to impact essential goods crucial to citizens' daily lives.

The Media Center elaborated that the government is dedicated to maintaining stable tax policies to foster a secure business climate, attract investment, and stimulate economic growth.

The video also highlighted the state's continued support for taxpayers, alongside its commitment to protecting vulnerable groups and low-income individuals, as part of achieving social justice.

Finally, the video stressed that supporting the national economy is a top priority, achieved by striving for sustainable economic and social development and strengthening the social safety net to ensure a decent life for all citizens.