The sales performance outlook for 2025 is increasingly perceived as challenging. The increase in the value-added tax (VAT) to 12 percent, along with the implementation of motor .....

The automotive industry is likely to be affected by the increase in the value-added tax (VAT) to 12 percent. This is due to the fact that the 12 percent VAT applies to goods and.....

The government has prepared a series of incentives in the form of an Economic Stimulus Package following the establishment of the Value Added Tax (VAT) at 12 percent, effective .....

The government has officially announced a series of tax incentives for the automotive industry in 2025. These incentives include support for battery electric vehicles (BEVs) as .....

The government has announced an increase in the value-added tax (VAT) rate from 11 percent to 12 percent, effective January 1, 2025, with the exception of essential food items.<.....