MoF to prepare and publish a plan to implement a VAT, including a VAT-specific excess credit reimbursement system, unique positive rate, unique threshold, and limited exemptions, in replacement of the Business Receipt Tax, and prepare its implementation through a transition and communication plan to be made publicly available and posted on the MoF website.
Introduced at R1 for R3.
Rationale: Preserve macroeconomic stability by improving revenue collection