-
FBR granted Rs1.80 trillion in sales tax exemptions on petroleum for FY 2024–25, a 34% rise from last year, mainly aimed at easing fuel cost burdens on the public.
-
Of the total exemptions, Rs1.50 trillion applied to local petroleum supplies, while import-stage exemptions surged by 270% to Rs300 billion, reflecting efforts to stabilize fuel prices.
-
Despite exemptions, petroleum levy collections rose 16% to Rs834 billion, highlighting the government’s dual strategy of providing public relief while maintaining fiscal revenue through non-tax sources.
Source: pkrevenue.com
Latest Posts in "Pakistan"
- Pakistan FBR Mandates Online Sales Tax De-Registration Applications Only
- Pakistan updates e-invoicing deadlines for corporate taxpayers and importers
- Belgium Extends VAT Chain Transitional Period Indefinitely Due to Implementation Postponement
- Pakistan Announces New October 2025 Timetable for E-Invoicing
- Pakistan Announces Phased E-Invoice System Rollout for 2025-2026 to Boost Tax Compliance