VAT’s UP
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VAT’s UP
NBT holds VAT policies workshop
The National Bureau for Taxation (NBT) today held a workshop aimed at increasing the awareness of registered government entities on VAT treatment and policies.
Today’s workshop attracted representatives from around 30 government entities, and provided a summary of core VAT concepts in addition to reviewing the VAT treatment and policies.
During the workshop, the NBT reminded civil servants of the Cabinet’s decision to ensure that 1,400 public services are not subject to 5% VAT, in line with the Royal Directives of HM the King to review the VAT application process during its trial period.
The NBT continues to hold an extensive series of workshops to facilitate the exchange of technical expertise and to assure the correct application of the VAT.