Saturday 16 December 2017
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thefinancialexpress
6 months ago

Govt reshaping new VAT law on businesses pleas

The government moves to rewrite the new VAT act, accommodating in it some provisions of the existing law, to skip wild criticisms and possible price rises. Officials said exercises are on stream to accommodate some of the provisions of the existing VAT law of 1991 in the new VAT and Supplementary Duty (SD) Act 2012 following demands from businesses and to stem escalation of prices. Incorporation of multiple rates of the value-added tax (VAT), continuation of the tariff value, estimated time for accommo

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