Finance

Key requirements

Loans, share or bond dealings, specified life policies, bank-account operation and certain currency or derivative services can be exempt under the Fourth Schedule. Arranging, broking, underwriting or advisory services are not automatically exempt and can be taxable, with international-service zero-rating where conditions apply. Attribute input tax to taxable and exempt activities and apportion residual expenses unless a qualifying de minimis or approved recovery method applies. Banks have an annually reviewed fixed ratio and, from April 2025, an optional specified special method. Check reverse-charge registration and imported services where full input recovery is unavailable.