Government to impose RGST before November 14

The government on Friday agreed to impose the Reformed General Sales Tax (RGST) before November 14, 2010, in a meeting with the International Monetary Fund (IMF).

The talks focused on the RGST as well as Income tax.


The government also agreed to impose a 10 per cent surcharge on income tax. However, no deadline was suggested for the imposition.

Additionally, the government decided to withdraw subsidy on machinery, heavy machinery and tractors. Subsidy will also be withdrawn from the textile and leather industries.