The National Board of Revenue (NBR) has reduced the VAT on the import of edible oil to 5% from the existing 10%.

The revenue board also issued a circular in this regard on Tuesday in a bid to ensure a smooth supply of edible oil in the market.

Earlier, the NBR issued circulars giving duty waivers on the import of rice, potatoes, sugar, onion, egg, and edible oil to boost the supply of those essential commodities in the market.

On 17 October, the NBR waived 15% VAT on the local production level and 5% VAT on the local trade level in the supply of refined and unrefined soybean and palm oil.

With the latest waiver, there remains only 5% VAT at the import stage of edible oil.

The NBR also said that the facility would remain intact till 15 December.