09 Dec
VAT Rate down to 21% From January 2010
Budget 2010 -
The increase in VAT at the last budget is being reversed from Jan 2010
The standard VAT rate will go down from 21.5 per cent to 21 per cent.
The standard rate of VAT will be reduced from 21.5 to 21 per cent with effect from 1 January 2010. This decrease will apply to all goods and services which are currently subject to VAT at 21.5 per cent
I am buying a new car on Jan 03,2010.
The price pre Vat is E24,950
What will the new price be On Jan 01,2010. Vat @ 21%.
Will I get the car at the reduced price on Jan 03,2010.
Thank you
Wallace.
December 9th, 2009 at 20:45Walace – Yes as the post said – the VAT change is effective from Jan 01 2010. Check with your dealer that they will be charging the new VAT rate (should be 21% of 24950 = 5239.50)
December 9th, 2009 at 21:19