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: Please note that we will automatically update the new Vat increase via a maintenance update
To gain more knowledge regarding the VAT increase and the budget speech, download the documents shared below
Sage Community