In a move aimed at providing relief to consumers, the federal government has announced a reduction in the sales tax rates on the supply of petrol and high-speed diesel (HSD). The decision, outlined in the Federal Board of Revenue’s (FBR) SRO 1327(I)/2021 dated October 7, 2021, revises the sales tax rates on petroleum products. According … Continue reading Sales tax on petrol slashed to 6.84%