LAHORE: The Federal Board of Revenue (FBR) should reduce taxes on local made LPG, enabling the government to reduce prices of the gas.
LPG Association of Pakistan chairman Farooq Iftikhar told Customs Today that the locally produced LPG is costing the businessmen very high and forcing them to use unfair means to produce the gas by using spurious chemicals.
“At least rupees 20 to 21 percent per ton is being collected as various taxes including sales tax, withholding tax and other while the imported LPG is far cheaper than that of the locally extracted LPG, ” he said adding, that importer often resort to evade taxes and duties on the gas hence they can offer the LPG on cheaper prices. He urged the FBR to reduce taxes on the locally produced LPG so the government could reduce the prices of indigenous LPG.
