VAT on edible oil reduced to 5% to stabilise prices
VAT on edible oil reduced to 5% to stabilise prices

The import-level value-added tax (VAT) on edible oil has been reduced from 10 percent to 5 percent to maintain a steady supply in the market. The National Board of Revenue (NBR) issued a notification in this regard on Tuesday. Earlier, the NBR had issued exemption notifications to boost the...