The NBR has recently sent an email to taxpayers regarding re-enabling of the field for standard rated sales at 5% and corresponding adjustments/apportionment in the VAT return form. Taxpayers will now be able to report sales and corresponding adjustments at 5% in the VAT return form.
The NBR has confirmed that taxpayers who intended to report sales at 5% or corresponding adjustments/apportionment in their VAT returns for January and February 2023 tax periods will be required to login to the NBR portal and self-amend
their returns. This is also applicable for taxpayers who have reported such transactions under other fields of the VAT return.
Source: KPMG
