The National Board of Revenue (NBR)exempts Value Added Tax (VAT) and supplementary duty on the import of raw materials of sanitary napkin and diaper to encourage domestic production of the two hygiene products for women and babies.
The government plans to introduce three VAT rates of up to 10 percent instead of the current single rate of 15 percent.
Since the announcement of the new budget, one of the main concerns of consumers countrywide has been the imposition of a flat 15 percent value added tax (VAT) rate on most goods and services.
Information Minister Hasanul Haq Inu urges for withdrawing the 15 percent VAT on the newspaper industry as proposed in the 2017-18 budget.
The National Board of Revenue (NBR)exempts Value Added Tax (VAT) and supplementary duty on the import of raw materials of sanitary napkin and diaper to encourage domestic production of the two hygiene products for women and babies.
The government plans to introduce three VAT rates of up to 10 percent instead of the current single rate of 15 percent.
Since the announcement of the new budget, one of the main concerns of consumers countrywide has been the imposition of a flat 15 percent value added tax (VAT) rate on most goods and services.
Information Minister Hasanul Haq Inu urges for withdrawing the 15 percent VAT on the newspaper industry as proposed in the 2017-18 budget.
