Pakistan budget approved with GST rate rise to 17%
- 19 June 2013 | Admin
The Pakistan Goods & Services GST rate has risen from 16% to 17% from 13 June 2013.
There have been rumours of a Pakistani GST VAT rise for many years, and last week the government was denying any plans.
In addition to a rise in the standard rate increase, non-GST registered traders will incur a 1% supplementary charge, meaning an 18% rate. A number of basic foods have now been reclassified from exempt to liable to GST. Supplies of commercial electricity will move to 21%.