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Govt Reduces Sales Tax on Petrol

The federal government has reduced the sales tax rate on MS petrol.

According to the notification by the Federal Board of Revenue (FBR), the government slashed the sales tax rate on MS petrol by 5.63 percent with effect from 16 July 2021.


FBR Relaxes Conditions For Import/Export Customs Clearance

The sales tax rate on MS petrol has been reduced to 10.77 percent from 16.40 percent prior to 16 July.


SECP’s Internal Letter Reveals Details of Investigation into Hascol Petroleum

The notification mentioned that the sales tax rates have not been changed on high-speed diesel oil, kerosene, and light diesel oil which are 17 percent, 6.70 percent, and 0.20 percent respectively.