| GEO Business | | VAT will be implemented in July: FBR | Updated at: 1347 PST, Thursday, April 29, 2010
ISLAMABAD: Chairman Federal Board of Revenue (FBR) Sohail Ahmad said Value Added Tax (VAT) will be implemented from July 2010 whereas it will not increased the inflation.
Talking to media here, Shoail said that FBR has completed the preparations for the implementation of VAT whereas it will be implemented with legal consultations. He said VAT is an alternative of General Sales Tax and it will not increase the inflation. About sales tax on sugar will reduce revenues upto Rs.2 billion.
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