ISLAMABAD: The Federal Board of Revenue (FBR) has exempted sales tax on old contingent-owned equipment (COE) or used stores of civil armed forces after the completion of the United Nations Peacekeeping mission in Darfur (Sudan).
Rs38bn additional taxation measures: Tax Laws (Amend) Ord may be extended for another 120 days
In this connection, the FBR issued the first sales tax exemption notification of 2023 on Tuesday. According to the SRO1(I)/2023, in exercise of the powers conferred by clause (a) of Sub-section (2) of section 13 of the Sales Tax Act, 1990, the federal government has exempted whole of sales tax in respect of old COE or used stores of Civil Armed Forces, as the case may be, that were repatriated and have arrived at Karachi Port after completion of UN Peacekeeping mission in Darfur (Sudan).
Copyright Business Recorder, 2023
Comments
Comments are closed.