The National Board of Income (NBR) has exempted value added tax (VAT) on all purchases made by the July Shaheed Smriti Foundation.
The NBR printed an speak on this regard as of late (3 December), exempting the activities of the foundation from VAT besides waiving the source VAT appropriate on institutions when providing companies and products or items to the foundation.
As well to, all charges of the foundation compile also been exempted from tax, sources stated.
If anyone donates to its fund, the money will be included in the tax rebate facility.
Sources on the NBR’s Earnings Tax Department stated the speak concerning the tax exemption will be printed at the moment.
