Published On : 26/Apr/2025 03:20:23 AM

Implementing VAT benefits the government because it generates a steady stream of revenue that can be used to finance public services. Businesses that comply with the law benefit from input tax credits, and transparency is improved. Investors are attracted to the overall structure of the economy. Indirectly, consumers benefit from improved infrastructure and services. This also encourages fair competition through the reduction of informal markets.

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