VATupdate

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Pakistan Customs Resolves Pepsi Cola Classification Dispute with Verdict on Kola Vanilla Extract

  • Reduced VAT on water and sewage services from 25 to 15 percent
  • Reduction includes sales of water and sewage services
  • Construction services related to water and sewage facilities not included
  • Reduced rate to apply from 1 May 2025
  • New SAF-T form required from 2025
  • Mapping to industry specification accounts only permitted option from 1.1.2025
  • Recommended to contact system provider to ensure compliance with new requirements

Source: pkrevenue.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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