- FBR introduced a procedure for sales tax on value addition for 2025 to 26
- Changes follow amendments to the Sales Tax Act, 1990, via the Finance Act, 2025
- Section 7A outlines tax collection on value addition for specified goods
- Tax is on the difference between acquisition and supply value of goods
- Minimum value addition tax applies to goods in the Twelfth Schedule
- Rate and conditions are determined by the schedule with possible amendments
- Focus is on transparency and fairness by taxing actual value addition
- Businesses must maintain accurate records for compliance with FBR guidelines
- Article is informational and not legal or financial advice
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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