FY26 VAT collection: 85% LTUs fail to meet target
Around 85% of large corporate taxpayers, including cigarette, cement, gas, and mobile-phone companies, failed to meet the government's value-added tax (VAT) targets last FY26 amid sluggish business environment and lower-than-expected consumption. Of the 34 business sectors under the VAT Large Taxpayers Unit (VAT-LTU), 29 missed their respective targets, according to the latest provisional...…
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