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NBR reverses VAT increase for auto workshops, easing concerns of inflation rise.

  • NBR cancels VAT hike for auto workshops
  • Decision to hike VAT on auto workshops and motorbike repairing garages by 5% to 15% cancelled
  • Previous 10% VAT rate will be reinstated
  • Government retreated from decision to hike VATs on 100 products and services
  • Concerns about hikes stoking inflation led to cancellations and reductions in VAT hikes for various items

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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