Value added tax to be implemented

Journal
O'Brien, P. (Paul); Donnell, R.
Asia-Pacific Tax Bulletin 1999 (Volume 5), No. 3
Price USD 45

The VAT Act will be implemented on 1 July 1999. Various transitional provisions apply from 1 January 1999 to 31 March 2000. The standard rate is 10%, and some supplies are zero-rated or exempt. Special considerations are given to the mining, petroleum and forestry sectors, and primary producers.