VAT on internet value chain reduced to 5.0pc

FE Online Report | Published: August 27, 2020 17:11:07 | Updated: August 28, 2020 10:16:47

The National Board of Revenue (NBR) has cut VAT on internet related value chain services to 5.0 per cent following the demand of internet service providers and recommendation of the policymakers.

From now on, VAT on International Terrestrial Cable (ITC), International Internet Gateway (IIG) and National Telecommunication Transmission Network (NTTN) services will be levied at 5.0 per cent instead of 15 per cent.

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