ISLAMABAD: Federal Board of Revenue (FBR) has notified values of minerals for collection of advance tax at the time of extracted, produced, dispatched and carried away from the licensed or leased areas of the mines.
The FBR issued SRO140(I)/2020 dated March 02, 2020 for notifying values of minerals to collect advance tax at the rate of five percent. The tax is applicable only on those persons not on the active taxpayers list (ATL).
The FBR inserted Rule 231I for values of minerals for the purpose of sub-section 4 of section 236 of the Income Tax Ordinance, 2001:
The values are:
| S.No. | Name of mineral | Rate per metric tonne (in Rupee) |
| (1) | (2) | (3) |
| 01 | Argilacoeous clay | 500 |
| 02 | Asbestos | 4875 |
| 03 | Antimony | 11700 |
| 04 | Agglomerate | 6500 |
| 05 | Barite | 6500 |
| 06 | Basalt | 9100 |
| 07 | Bentonite | 3900 |
| 08 | Bauxite | 4550 |
| 09 | Bajri | 780 |
| 10 | Brine/salt | 570 |
| 11 | Barytes | 875 |
| 12 | Ball clay | 875 |
| 13 | Coal | 5000 |
| 14 | Clay | 1625 |
| 15 | China Clay | 625 |
| 16 | Calcite | 1300 |
| 17 | Celestite | 1625 |
| 18 | Conglomerate | 1950 |
| 19 | Chromite | 18750 |
| 20 | Chalk | 2500 |
| 21 | Dolomite | 2250 |
| 22 | Diorite | 6500 |
| 23 | Flourite | 10400 |
| 24 | Fullers Earth | 1300 |
| 25 | Fire Clay | 1300 |
| 26 | Gypsum | 1950 |
| 27 | Granite | 13000 |
| 28 | Gabro stone | 9750 |
| 29 | Granodiorite | 9750 |
| 30 | Gravel | 750 |
| 31 | Iron ore | 5200 |
| 32 | Limestone (for manufactures of cement) | 4500 |
| 33 | Limestone (other than cement factory) | 1500 |
| 34 | Laterite | 815 |
| 35 | Lake salt | 875 |
| 36 | Marble onyx | 16250 |
| 37 | Magnesite | 3900 |
| 38 | Marble (other than onyx) | 3900 |
| 39 | Manganese | 5200 |
| 40 | Ochre/ red ochre | 3900 |
| 41 | Ordinary stone | 910 |
| 42 | Pumice | 1950 |
| 43 | Quartz | 3900 |
| 44 | Quardzite | 3250 |
| 45 | Rock salt | 875 |
| 46 | Silica sand | 4500 |
| 47 | Sulphur | 3900 |
| 48 | Soap stone | 5250 |
| 49 | Serpentine | 3250 |
| 50 | Shale (cement industry) | 2500 |
| 51 | Sand | 650 |
| 52 | Shale | 750 |
| 53 | Slate Stone | 1875 |
| 54 | Sandstone | 750 |
| 55 | Tar sand | 490 |
| 56 | Tufff | 1625 |
The FBR said that advance tax shall be collected by the provincial authority or a person authorized by the provincial authority to collect or recover royalty on minerals excavated and transported from leased area.
The FBR further said that where a person having authority to collect or recover royalty on behalf of the provincial authority:
(a) fails to collect tax as required; or
(b) having collected tax fails to pay the tax to commissioner as required under Section 160
the person having authority to collect of recover royalty as well as provincial authority shall be jointly and severally liable to pay the amount of tax to the commissioner who may pass an order to that effect and proceed to recover the same.
