The VAT component to increase from 11% to 15% from 02nd May

The VAT component to increase from 11% to 15% from 02nd May

The officials of the ministry of finance had issued a circular to the media confirming that the VAT component would increase from 11% up to 15% with effect from 02nd May as intimated earlier.

The ministry sources had said that that for the services at private hospitals would affect this increase as well as for telephone facilities.However the charges for many other

consumer items like electricity. water supply and many consumer items and services would not be affected by this increase.