Federal Board of Revenue (FBR) Chairman Rashid Mahmood Langrial Thursday said that that no decision has been made to impose additional taxes on the import of solar panels, and there is no proposal to increase the current tax rate on solar panels.
The FBR chairman said a significant relief has been announced for teachers. From the next fiscal year, teachers will be eligible for a 25 percent income tax rebate. For the current year, they will either receive a refund or an adjustment under the same rebate policy.
The FBR chief also stated that efforts are ongoing to secure relief for the salaried class in coordination with the International Monetary Fund (IMF), and discussions are underway to provide support to other sectors as well.
Why not going for Solar Panel manufacturing domestically in the country. Is it some herculean task? Whereas it has limitless potential of generating revenue, creating employment opportunities and curbing energy crisis.