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VAT on ITC, IIG, NTTC reduced to 5pc

TBP Desk
27 Aug 2020 20:48:44 | Update: 27 Aug 2020 20:59:11
VAT on ITC, IIG, NTTC reduced to 5pc

The government has reduced the rate of Value Added Tax (VAT) on International Terrestrial Cable (ITC), International Internet Gateway (IIG) and Nationwide Telecommunication Transmission Network (NTTN) to 5 percent.

The National Board of Revenue (NBR) has issued an SRO in this regard. Earlier, the government fixed VAT on internet services at 5 percent while the rate was 15 percent on internet-related value chain services provided by ITC, IIG and NTTN

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