The National Board of Revenue (NBR) reported a robust 15.68 percent year on year (YoY) growth in Value Added Tax (VAT) collections, despite persistent pressures on key economic indicators such as inflation.
The fiscal year closed with near double-digit inflation rates at 9.95 percent.
Economists are viewing this rise in VAT collections as a positive trend for the economy, since the tax corresponds to common people’s consumption.
Source: www.daily-sun.com
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