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INTERPRETATION NOTE: NO. 31 (Issue 4) ACT : VALUE-ADDED ...

INTERPRETATION NOTE: NO. 31 (Issue 4) ACT : VALUE-ADDED ...

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A fundamental principle of VAT is that goods services supplied by a vendor in the or course or furtherance of the vendor’s enterprise should generally be subject to VAT at the standard rate (that is, 14%). Section 11(1) and (2) respectively, make provision for a vendor to supply certain goods or services at the zerorate. In order to zero rate -

  Services

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