The Inland Revenue Division wishes to inform the general public of the recent Value Added Tax (VAT) threshold increase, which was announced in 2016/2017 National Budget presentation. Effective 1st September, 2016, the VAT threshold will increase to $250,000 from the previous threshold amounts of $60,000 and $120,000. As such, some VAT registered businesses will no longer be required to charge and collect VAT on behalf of the Government and these businesses will be de-registered.