The Financial Express

VAT applicable to online sellers: NBR

| Updated: September 24, 2019 22:25:33

VAT applicable to online sellers: NBR

The National Board of Revenue (NBR) has issued a directive asking the seller organisations to pay VAT in case of selling products and services online, reports BSS.

The revenue board also gave an explanation on “selling products through online” stating that buying and selling of products and services through online would be meant as online purchase or sell which is acquired subject to payment of VAT from any earlier producer or service provider who does not have any own sales centre.

The NBR in its explanation also said that under the overall transaction process, no matter the selling organisation provides taxable or non-taxable products, five per cent VAT would be charged on the provided products and services.

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