List of amended taxes released

Value Added Taxes (VAT), Personal Income Tax (PIT) and Corporate Income Tax (CIT) has been increased, the Prime Minister's Office has announced. Accordingly, The Value Added Tax has been increased from 8% to 12% and the Telecommunication Levy was increased from 11.25% to 15% with immediate effect. Below is the annexure to the revised tax reforms to be introduced in the immediate and near term: