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Friday, November 15, 2024

Home Business FBR issues clarification

FBR issues clarification

by News desk
September 8, 2022
in Business

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Federal Board of Revenue (FBR) has been receiving a number of queries regarding the exemption available to local supply of goods needed for flood relief operations.

FBR has now clarified that the total supply of flood-related goods both imported and locally supplied/sold is exempt from the whole of Sales Tax if the same supply is certified by NDMA or PDMA.

Furthermore, this exemption is available for a period of 90 days w.e.f 30.08.2022 as per SRO 1636(1)2022, issued by FBR on 30.08.2022.—PR