Hello, Community Members,
During the budget speech at 2 PM on March 12, 2025, it was announced that the 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.
Additionally, starting May 1, zero-rating will be expanded to include canned vegetables, dairy liquid blends, and organ meats from sheep, poultry, and other animals.
To learn more about how the budget speech will affect you, please download our 2025-2026 Budget speech.pdf document.
Sharon: AME Community Lead