Please note that any previous notices/circulars/guidelines published on or after 01.01.2020 by the IRD in respect of Income Tax along with WHT, consists of any subject matter which is contrary to any subject matter referred to in those notices should be disregarded and this notice (attached hereto) should be considered for your reference.
“Total value of inputs” means the total value of the goods purchased during the taxable period which ended
prior to the commencement of the taxable period immediately preceding to the taxable period for which the
zero percent (0%) Value Added Tax rate applies.
The Value Added Tax shall be charged, On the import and/or supply of goods or supply of services, other than supply of services/import of goods at the rate of eight per centum (8%).