Ministry Of Finance Has Uphold The Amendments Proposed To The Nation Building And Valued Added Taxes

The Ministry Of Finance has today (13) decided to uphold the amendments proposed to Nation Building Tax(NBT) and Value Added Tax(VAT) through   2016 Annual Budget until the legislative enactments relevent to them are passed in Parliament.

The Value Added Tax on Retail and Wholesale Trade too has  been suspended according to the Ministry.

The amendments introduced to Value Added Tax and Nation Building Tax through the 2016-Annual Budget came into effect from 01st of January.

Due to the Tax increase the prices of some essential commodities like Sugar and Flour  have been increased by traders during last week.