Customers won't have to pay VAT separately at super shops: NBR
The retail price of the products will be the final price to pay, according to a National Board of Revenue (NBR) release
Customers will no longer have to pay the Value Added Tax (VAT) separately for purchases at the super shops.
The retail price of the products will be the final price to pay, according to a National Board of Revenue (NBR) release.
The NBR's VAT department issued a notification in this regard today (20 February).
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The NBR authorities and the supershop owners took the decision following several meetings.
Earlier, VAT rates varied ranging from 1.5% to 5%, with a 7.5% rate applied during last year's budget.
Chain super shop owners had been objecting to this for a long time.
Corrigendum: The article has been updated to correct its headline. Previously it read 'No VAT on purchase at super shops'. The update clarifies that customers will still need to pay VAT but from now on, it will be included in the final retail price. We sincerely regret the error.
