ISLAMABAD: The Federal Board of Revenue (FBR) exempted withholding income tax on import of oxygen generators and oxygen gas in order to ensure sufficient supply of products for treatment of coronavirus pandemic.
The FBR issued SRO 589(I)/2021 to make amendment in the Second Schedule of the Income Tax Ordinance, 2001.
The FBR said that the provisions of Section 148 of Income Tax Ordinance, 2001 shall not apply on import of following goods (PCT Code) for a period of 180 days starting from May 14, 2021, namely:
- Oxygen (2804.4000)
- Oxygen Cylinders (7311.0090)
- Cryogenic – Tanks/Vessles (7311.0030)
- Oxygen concentrators / generators/ manufacturing plants of all specifications and capacities (respective headings).
A day earlier, the FBR also exempted customs duty on import of oxygen gas, cylinders and oxygen manufacturing plants.
