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NBR Plans to Impose 15% VAT on Metrorail Tickets from July

  • NBR seeks to impose 15% VAT on metrorail tickets from July
  • Currently, there is a VAT waiver on metrorail tickets until June 30
  • NBR wants to reduce tax rebates as per IMF terms
  • Discussion ongoing at policy-making level about VAT imposition
  • Metrorail is fully air-conditioned and considered public transport
  • Metrorail authorities have opposed the proposal to impose VAT on tickets
  • Pressure on VAT department to increase tax collection
  • Analysts, including PRI executive director, believe VAT should not be levied on metrorail tickets

Source: en.prothomalo.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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