| Date | Change | Applies to |
|---|---|---|
| Apr 2021 | VAT introduced at 5% | All VAT-registered entities above threshold |
| 2024β2025 | OTA published e-invoicing draft & specs | Consultation with industry |
| 2026 (expected) | B2G e-invoicing pilot | Government contractors and ministries first |
| 2027 (expected) | B2B mandatory e-invoicing | All VAT-registered businesses |
| 2028+ | B2C e-receipts | Retail and hospitality |
5% VAT with correct baiza rounding
Every amount uses banker's rounding to 3 decimals (baiza) β the OTA default β so quarterly returns tie back to the baiza on the invoice.