NBR reduces VAT on biscuits by half
NBR reduces VAT on biscuits by half

The National Board of Revenue (NBR) has reduced the Value Added Tax (VAT) on both machine-made and hand-made biscuits by half, reports UNB. A notification to this effect was issued on Wednesday, 19 February. Under the new regulation, the VAT on these products has been slashed from 15% to 7.5%....