The Third Reading of the Value Added Tax (Amendment) Bill was passed in Parliament with amendments on Monday evening (11 Dec.).
The Bill was passed with a majority of 45 votes, with 100 MPs voting in favour, and 55 voting against the Bill.
Accordingly, the House approved a hike in VAT up to 18% from the current 15%, ahead of the International Monetary Fund (IMF) preparing to approve the second tranche of a $2.9 billion bailout for the crisis-hit country.
Earlier today, the Second Reading of the Bill was passed in Parliament with a majority of 57 votes.
