69% of businesses said they may not be adequately prepared for the implementation
69% of businesses said they may not be adequately prepared for the implementation
71% of the manufacturing industry respondents seek help of VAT specialists
Customers won't feel the pinch but banks' profit margins will be hit
Banks will be faced with VAT costs that they have a limited ability to recover
Rising number of tourists expected to drive jewellery sales
Industry may see hectic activity before levy to avoid price rise
Auto dealers may absorb partial VAT cost in their margins
Buyers/tenants of commercial property who are VAT-registered can recover the tax charged