Government waives sales tax on PIA aircraft, parts, and ground equipment to lift national carrier
(more…)Tag: sales tax exemption
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FBR exempts sales tax on oxygen gas import
The Federal Board of Revenue (FBR) has taken a significant step by exempting sales tax on the import of oxygen gas.
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Sales tax exemption granted to medical equipment
The Federal Board of Revenue (FBR) has granted sales tax exemption on the import of essential medical equipment. The FBR issued SRO 1007(I)/2021 on Monday, listing a comprehensive array of medical goods that will be exempted from sales tax, aiming to facilitate the procurement and availability of critical equipment.
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FBR exempts sales tax on medical goods for COVID prevention, treatment
ISLAMABAD: Federal Board of Revenue (FBR) on Wednesday exempted whole of sales tax on import of medical instruments and equipments for prevention and treatment of COVID pandemic.
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FBR exempts sales tax on import of oxygen gas, cylinders
ISLAMABAD: Federal Board of Revenue (FBR) on Monday granted sales tax exemption on import of oxygen gas and cylinders (for oxygen gas) for a period of three months.
The FBR issued SRO 649(I)/2020 dated August 03, 2020 to exempt the sales tax from June 23, 2020 on import of the following:
01. Oxygen gas under PCT 2804.4000
02. Cylinders (for oxygen gas) under PCT 7311.0090
03. Cryogenic tanks (for oxygen gas) under PCT 7311.0030
The FBR said that the said exemption shall apply in respect of the letters of credit opened or goods declaration forms filed on or after June 23, 2020.
Previously the FBR issued SRO 593(I)/2020 and exempted the import of oxygen gas and oxygen gas cylinders from customs duty for three months effective from June 23, 2020.
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Sindh exempts sales tax on insurance services
KARACHI: The Sindh government has exempted the insurance services from payment of sales tax up to June 30, 2019.
Sindh Revenue Board (SRB) on Wednesday issued a notification stating that with the approval of the provincial government it had exempted the insurance services (other than its related re-insurance services) from the whole of the sales tax payable.
The SRB said that the exemption is available with the condition that the amount of sales tax already charged, received or collected by the service provider shall be deposited by such service provider to the provincial exchequer.
The following services have been exempted from sales tax:
9813.1500 Life Insurance from July 01, 2018 to June 30, 2019
9813.1600 Health Insurance from July 01, 2016 to June 30, 2019.
The SRB said that the notification shall not entitle any person, whether a service provider or a service recipient, to any refund or adjustment of tax.
The notification, if not rescinded earlier, shall stand rescinded at 2359 hours of the 30th day of June 2019. -
Sales Tax Act 1990: exemption on domestic supplies, imports
KARACHI: The government has allowed exemption on supply of goods and import of goods falling in the Sixth Schedule of Sales Tax Act, 1990.
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Changes to sales tax exemptions proposed
Changes to sales tax exemption have been proposed through Finance Supplementary (Second Amendment) Bill of 2019.
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