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VAT increase & NBT effective from today
Nov 01, 201610:27 AM
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VAT increase & NBT effective from today
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The Value Added Tax (VAT) increase and Nation Building Tax (NBT) will come into effect from today (01).

 


The VAT increase from 11% to 15% was approved with the passing of the VAT (Amendment) Bill in parliament on 26 October.

 


As per the amendments, the VAT rate will also affect telecom services, tobacco, air ticket fees and private medical services excluding diagnostic tests, dialysis and OPD services. The Nation Building Tax rate is 2% and will remain unchanged.

 

 

 

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