Hello, Community Members,
During the budget speech at 2 PM on March 12, 2025, it was announced that VAT rate will increase by 0.5%. Please note the following effective dates for the VAT increases: the first increase will take effect on May 1, 2025, and the second increase will take effect on April 1, 2026.
NB: We will release a patch update to include this change in your product. You're not required to make any changes to your system, as the patch will automatically apply these changes.
To gain more knowledge regarding the VAT increase and the budget speech, download the documents shared below
We will share further details soon.
Sage Community