In a move aimed at providing relief to consumers, the Federal Board of Revenue (FBR) has announced a reduction in the sales tax rate on the supply of petrol. The new rate, effective immediately, is set at 10.77%, down from the previous rate of 16.40%. The FBR officially communicated the reduction through SRO 937 (I)/2021, … Continue reading FBR reduces sales tax rate on petrol to 10.77%