The new VAT law may increase cost of many goods and services and hurt consumers, analysts said yesterday.
The government’s move to implement the new VAT law without rebate facility for reduced rates will hurt consumers because of price spike of many goods and services, analysts say.
The NBR and the FBCCI are at loggerheads over the new VAT law, reminiscent of past pushbacks from the business community that have delayed its implementation by four years already.
The new VAT law with multiple rates will be implemented from July, said Finance Minister AHM Mustafa Kamal yesterday -- clearing uncertainty among the business community on when the much-delayed rule would finally take effect.
The new VAT law may increase cost of many goods and services and hurt consumers, analysts said yesterday.
The government’s move to implement the new VAT law without rebate facility for reduced rates will hurt consumers because of price spike of many goods and services, analysts say.
The NBR and the FBCCI are at loggerheads over the new VAT law, reminiscent of past pushbacks from the business community that have delayed its implementation by four years already.
The new VAT law with multiple rates will be implemented from July, said Finance Minister AHM Mustafa Kamal yesterday -- clearing uncertainty among the business community on when the much-delayed rule would finally take effect.