The Postal Department has announced its intention to review and potentially revise postal fees in the upcoming year. A senior official from the department cited the necessity for this decision, attributing it to the escalating costs of raw materials.
Initiating preliminary discussions on the matter, the Postal Department aims to address the challenges posed by the increased prices of essential components.
However, it is clarified by a senior official that the proposed fee revision is unrelated to the impending Value-Added Tax (VAT) adjustments scheduled to come into effect on January 1, 2024. The department seeks to manage and adapt to the changing economic landscape independently of the VAT revisions.
