It is second duty cut in 10 days
In a notification issued on Sunday, the NBR said it had slashed the tax at source on the import of ingredients for oncology medicines to 2 percent from 5 percent.
The tax administration issued a notification in this regard yesterday, which was made public today
The National Board of Revenue yesterday revised down the value-added tax and supplementary duty (SD) on nine goods and services, including mobile phone usage, internet services and medicine.
NBR said it has slashed VAT on ready-made clothes, restaurants, sweets, non-AC hotels and motor workshops and mostly restored to the previous levels
The National Board of Revenue is set to revise down the value-added tax (VAT) and supplementary duty (SD) on a number of items including mobile phone usage, internet services, medicine, clothes and restaurants as public outcry became deafening.
These changes in the middle of the fiscal year are unexpected and unwanted as the economy faces significant challenges.
A notification was issued today to this effect
A government taskforce will investigate the country’s 10 major business groups’ alleged money laundering and other misdeeds.
It is second duty cut in 10 days
In a notification issued on Sunday, the NBR said it had slashed the tax at source on the import of ingredients for oncology medicines to 2 percent from 5 percent.
The tax administration issued a notification in this regard yesterday, which was made public today
The National Board of Revenue yesterday revised down the value-added tax and supplementary duty (SD) on nine goods and services, including mobile phone usage, internet services and medicine.
NBR said it has slashed VAT on ready-made clothes, restaurants, sweets, non-AC hotels and motor workshops and mostly restored to the previous levels
The National Board of Revenue is set to revise down the value-added tax (VAT) and supplementary duty (SD) on a number of items including mobile phone usage, internet services, medicine, clothes and restaurants as public outcry became deafening.
These changes in the middle of the fiscal year are unexpected and unwanted as the economy faces significant challenges.
A notification was issued today to this effect
A government taskforce will investigate the country’s 10 major business groups’ alleged money laundering and other misdeeds.
The development came four days after the CIC blocked withdrawals and transfers from the accounts
