- FBR changes method for determining cement retail price for sales tax
- New method averages prices in Karachi, Lahore, Faisalabad, Peshawar, Rawalpindi, and Islamabad
- A fixed reduction of Rs25 is applied to the average to set the base price
- Replaces previous method based on national average retail price
- Aims to provide a more regionally accurate and stable price reference
- Expected to improve compliance and reduce tax calculation disputes
- Cement manufacturers and retailers may see changes in payable taxes
- Stakeholders advised to stay informed and adjust pricing and documentation
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.
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