NBR plans single 15% VAT rate by 2030 to meet IMF conditions
To secure a new loan program from the International Monetary Fund (IMF), the National Board of Revenue (NBR) is planning to phase out VAT exemptions by 2030 and implement a uniform 15% VAT rate. However, the government has proposed keeping essential food items, education, healthcare, and public transportation out of this scope. This information was learned on Tuesday (October 20) from... Details
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