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FBR Exempts Taxes, Duty on Import of Donation Consignments for Flood Affectees

FBR Exempts Taxes, Duty on Import of Donation Consignments for Flood Affectees:

Donation consignments for flood victims:

ST, FED, and IT on import, and supply exempted

The Federal Board of Revenue (FBR) has exempted sales tax, income tax, and federal excise duty (FED) on the import and delivery of donation consignments and relief items for flood victims for three months.

According to S.R.O.70(I)/2023 issued by the FBR on Wednesday:

The federal government has exempted the import and supply of donation consignments and relief items as certified by the National Disaster Management Authority or a Provincial Disaster Management Authority for relief operations for flood affectees from the entirety of the sales tax for a period of three months beginning December 1, 2022.

According to SRO.71(I)/2023:

The Federal Bureau of Revenue (FBR) has exempted the entire federal excise duty imposed on donation consignments and relief goods certified by the National Disaster Management Authority or a Provincial Disaster Management Authority for flood relief operations for three months beginning December 1, 2022.

The FBR has updated the Second Schedule to the Income Tax Ordinance in compliance with SRO.72(I)2023.

The term “three months from December 1, 2022” should be used in lieu of the words “ninety days” in the aforementioned Schedule, Part IV, clause (123).

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https://thetruthinternational.com/national/govt-reveals-reason-behind-power-outage-that-shutdown-pakistan/

Written By

Pavan Manzoor is an experienced content writer , editor and social media handler along with a track record of youth-oriented activities in Pakistan and abroad. She was selected as a fully-funded delegate as a leadership fellow in Turkey. She also led a team of 5 volunteers at the week-long Young Professionals Fellowship in Maldives. She is also a member of the Youth Standing Committee on Higher Education.

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