2025 VAT Changes

On 12 March 2025, following the budget speech, the Minister of Finance confirmed a phased increase in the Value-Added Tax (VAT) rate from 15% to 15.5% effective from 1 May 2025, and from 15.5% to 16% effective from 1 April 2026. 

While there is some uncertainty surrounding the approval of the 2025 budget, the proposed 0.5% VAT increase in 2025 will proceed under current regulation. Therefore, your membership fee will change.

Your membership fee will be adjusted accordingly from 1 May 2025 by 0.5%. The increased membership fee will automatically be deducted from the bank account we have on record, on your chosen debit order date.