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Taxable Threshold Lowered: 6,900 Smes Now Eligible for Registration with the Mra
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The Private Notice Question (PNQ) of the Leader of the Opposition, Joe Lesjongard, was asked to the Minister of Industry, SMEs and Cooperatives, Aadil Ameer Meea, on Friday, July 4, at the National Assembly. The latter explained that the reduction of the mandatory threshold of registration to VAT, from Rs 6 million to Rs 3 million annual turnover, is part of a strategy of recovery of public finances, faced with a deficit of 9.8% of GDP and a pub…
The reduction of the taxable threshold of annual turnover of
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