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No, Government Has Not Introduced New VAT on Banking Services

Summary by KT PRESS
Since the beginning of July, a wave of confusion has swept across about changes to Value Added Tax (VAT) on banking services. Many people have received messages — from their banks — that seem to suggest the government has started charging new taxes on bank accounts, loans, or interest. Some custo
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KT PRESS broke the news in on Saturday, July 26, 2025.
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