Govt to try to introduce single rate VAT system: NBR Chairman

Govt to try to introduce single rate VAT system: NBR Chairman

National Board of Revenue (NBR) Chairman Md Abdur Rahman Khan today said that the government would try to introduce single rate VAT system in the country in a bid to reduce the leakage in revenue collection.
“It will be better for us if we can go for a single rate VAT to reduce the leakage in revenue collection and it will also be very easy to administer. Definitely we will try for that,” he said.
The revenue board chief said this while addressing a press conference on the occasion of VAT Day 2024 at the conference room of the NBR in the capital.