- Pakistan’s FBR issued Sales Tax General Order No. 22 of 2026, amending STGO 16/2026 on electricity sales tax for iron and steel manufacturers.
- Five steel businesses were added to the eligible list: Rasheed Steel, Batala Steel Industries, Royal Steel, Platinum Steel Mill (Pvt.) Ltd., and KBS Steel Furnace.
- The order applies the specified rate of Rs. 5 per unit of electricity consumed, effective immediately, to all electricity connections of these taxpayers.
- Eligibility was determined under SRO 1245(1)/2026 based on criteria including scrap consumption, electricity use for steel production, and scrap imports under specified HS codes.
- The list can be revised by the Board or field formations, and any hardship issues may be raised with the concerned Commissioner Inland Revenue.
Source: download1.fbr.gov.pk
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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