The Federal Board of Revenue has issued a notification amending the Sales Tax Rules, 2006, making it mandatory for petroleum levy details to be included in monthly sales tax returns.
Under the new amendments, oil marketing companies will now be required to separately disclose details of petroleum levy collections in their sales tax returns.
The notification also includes changes related to Petroleum Development Levy and Climate Support Levy, introducing a new reporting and monitoring mechanism through the sales tax system.
According to the FBR, the move is aimed at fully integrating petroleum levy collection into the sales tax return framework to improve transparency, monitoring, and efficiency in government revenue collection.
Officials said oil marketing companies will now have to report levy-related data separately through the revised system, allowing authorities to maintain better oversight and record management.
The FBR further stated that it will also act as a collection agent on behalf of the Petroleum Division for Petroleum Development Levy and Climate Support Levy collections. Authorities said the new mechanism is expected to strengthen revenue tracking and improve coordination between the tax administration and the Petroleum Division.
