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VAT update

By | 2018-03-27T14:44:33+00:00 March 26th, 2018|News|

The Minister of Finance announced an increase in the Value-added tax (VAT) rate in his budget speech on 21 February 2018. The standard rate of VAT will change from 14% to 15% with effect from 1 April 2018. Short-term insurance premiums are subject to VAT therefore VAT inclusive Sums Insured and Premiums will be increased [...]

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