VAT & SD Act 2012
Section 2 Clause 29 - Tax Fraction
(as updated till Finance Ordinance 2025)
1[ “tax fraction” means the following fraction, namely:-
{ R/(100+R) }
where R is the VAT rate specified in section 15(3); ]
1 Clause (29) was substituted by section 4(b) of the Finance Act, 2024 (Act No. 5 of 2024) with effect from 1 July 2024.
Disclaimer: This is the authentic English text of The Value Added Tax and Supplementary Duty Act 2012, as published under SRO No. 440-Law/2025/326-Mushak dated 05 November 2025. In the event of any inconsistency or conflict between the content on this website and the official Government publications or gazette notifications relating to laws, rules, regulations or SROs, the official Government publications and notifications shall prevail.