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NBR Seeks Explanations for Poor VAT Collection from Field-Level Offices

  • NBR seeks explanations from field-level offices for poor VAT collection
  • Feedback requested to remove bottlenecks in VAT-related laws and rules
  • Joint working committee formed by NBR and FBCCI to improve VAT administration
  • Meeting held to discuss progress in VAT collection and application of laws
  • Field-level officials and businesspeople asked to provide opinions on VAT law implementation
  • Measures to resolve issues to be taken after discussion in committee meeting
  • VAT law aims to increase revenue collection and transparency
  • VAT is the biggest revenue source for the government
  • Pressure from IMF to improve revenue collection
  • Interim government increases VAT and supplementary duties on goods and services
  • IMF suggests tightening tax collection and administration
  • Fourth tranche of IMF credit programme expected by 10 February

Source: daily-sun.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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