The Federal Value Added Tax Bill 2010 was introduced in the National Assembly of Pakistan by the then Federal Minister of Finance and Revenue, Senator Shaukat Tarin on February 24, 2010 and in the Senate of Pakistan by the Minister of State for Finance and Economic Affairs, Ms. Hina Rabbani Khar, MNA on February 26, 2010. The Senate Standing Committee on Finance and Revenue, after reviewing the bill, passed a set of 24 recommendations to the National Assembly on March 26, 2010. The bill is at the Committee stage in the National Assembly of Pakistan. If passed by the Parliament, the bill will come into effect from July 01, 2010. Similar laws are also pending before the Provincial Legislatures. This Legislative Brief, a part of PILDAT’s Legislative Development Programme, has been authored by Ms. Ayla Majid, a Financial Advisor working with a firm of Chartered Accountants. Ms. Majid holds Business, Law and Accounting degrees. The brief was prepared in consultation with Mr. Muhammad Abdullah Yusuf, former Secretary General & Chairman Federal Board of Revenue, Government of Pakistan. The objective of the Brief is to assist parliamentarians to understand the context, objective and issues relating to the legislation and to take wellconsidered position on the subject. The Brief is also intended to enhance awareness of the Citizens and the Media.