High-level advisory committee to be formed to assess feasibility of multi-rate system in VAT
The government plans to create a high-level advisory committee tasked with evaluating the applicability of a multi-rate system in VAT and provide recommendations accordingly.Presenting the budget for the fiscal year 2026/27 at the joint session of the Federal Parliament today, Finance Minister Dr Swarnim Wagle announced significant reforms in the tax system, sharing that the approach of transforming tax administration from a punitive entity to a partner in development.Furthermore, he noted that