ISLAMABAD: The Federal Board of Revenue (FBR) has withdrawn sales tax zero-rating on local supply of plant and machinery to Export Processing Zones (EPZs), duty-free shops, local supplies to exports covered under the Export Facilitation Scheme, and supply/repair/maintenance of ships and relatedequipment and machinery from January 16, 2022.The FBR has issued circular number 6 of 2022, here on Thursday for the explanation of Important Amendments in Sales Tax Act, 1990, the ICT (Tax on Services) Ordinance, 2001 and Federal Excise Act, 2005.The FBR said the zero-rating to crude oil, which was...

https://www.brecorder.com/news/40148788/local-supply-of-plants-machineries-sales-tax-zero-rating-withdrawn

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