The government is likely to reduce the value-added tax (VAT) for the backward linkage of internet service providers to 5 percent with a view to lowering the internet price for the end users.
“This decision has been finalised by the Finance Ministry recently and will come into effect from December 1 next,” Posts, Telecommunications and IT Minister Mustafa Jabbar told UNB on Thursday.
This step will benefit more than 9 crore internet users as all the internet service-providing channels will be paying 5 percent VAT down from the existing 15 percent, he added.
“This will reduce the cost for internet users,” said the minister.
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