The Minister of Finance, Dr , has announced the abolishment of the COVID-19 levy as part of new VAT reforms to be considered in October.
According to him, the Ministry of Finance is preparing a new VAT bill to be ready by October 2025 and submit the same to Parliament as part of the 2026 Budget Statement.
Speaking during the presentation of the 2025 Mid-Year Budget Review on July 24, 2025, he noted that under the new VAT reforms: 1.
COVID-19 Levy will be abolished; 2.
