The National Board of Revenue (NBR) on Saturday requested businesses to submit their proposals regarding value-added tax (VAT) and supplementary duty as part of its efforts to frame tax proposals for the 2025-26 fiscal year, which will begin in July.

In separate letters to trade bodies, field offices of customs and VAT, ministries, and divisions, the revenue authority urged stakeholders to provide their views and proposals on the VAT and Supplementary Duty Act 2012, VAT and SD rules, the Excise and Salt Act 1944, and notifications issued under the relevant laws and rules.

The NBR asked businesses to submit their proposals by March 6 this year.

Last week, the income tax wing sought recommendations from business and professional bodies regarding income tax-related laws to assist in framing proposals for the upcoming fiscal year.