The third reading of the Vat (Value Added Tax) Amendment Bill has been passed in the Parliament this evening (11) with a majority of 45 votes.Accordingly 100 MP's were voted in favour of the Bill whilst 55 voted against it.
According to the Vat Amendment Bill tax will be imposed on 97 out of the 138 items withdrawn from taxes earlier with effect from 01st of January next year..Under the Bill The 15 percent Tax imposed on goods will be increased to 18 percent it has been announced.
No comments:
Post a Comment