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Government Backtracks on VAT Hikes for Various Products and Services Amid Nationwide Protests

  • NBR backtracks on VAT hikes for various products and services
  • Government plans to reverse decision amid nationwide protests
  • Relief to include items like mobile talk time, internet, clothing, and medicine
  • VAT on e-books withdrawn to make them more accessible
  • IMF expresses dissatisfaction with rollback, warns of revenue loss
  • VAT rates on different items to be reverted to previous levels
  • Official order expected by Sunday
  • Protests held by restaurant owners and workers demanding withdrawal of VAT hike
  • Calls for withdrawal of all recent tax hikes due to high inflation
  • Consumers lack a strong platform to pressure the government

Source: tbsnews.net

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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