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NBR exempts metro rail from VAT

Staff Correspondent
21 May 2023 14:42:58 | Update: 21 May 2023 19:26:09
NBR exempts metro rail from VAT
— UNB File Photo

The National Board of Revenue (NBR) on Sunday decided to exempt metro rail from VAT till next year.

The current 15 per cent VAT will be fully exempted till June 30, 2024, according to NBR sources.

The NBR has made the decision as the metro rail is not yet that popular. So, it is not making that much of a profit. Besides, it is a public service.