- FBR is considering ending sales tax exemptions in the 2025-26 budget
- Solar panel imports are among the sectors under review for tax exemption removal
- FBR Chairman confirmed this during a Senate Finance Committee session
- The aim is to eliminate exemptions not contributing to revenue growth
- Refinery sector faces issues with taxed input and exempt output
- Proposals are being discussed to impose GST on refinery outputs
- FBR Chairman will investigate a controversial recovery case involving a restaurant
- Income Tax Amendment Bill 2025 is under review for potential revisions
- FBR aims to broaden the tax base and phase out sector-specific exemptions
Source: pkrevenue.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
