ISLAMABAD: Federal Board of Revenue has announced to charge zero per cent sales tax on import of dozens of buses, imported during the financial year 2011-2012.
The federal government, exercising the powers conferred by clause (c) of section 4 of the Sale Tax Act, 1990, directed the authorities that sales tax will be charged at the rate of zero per cent on the import of 111 buses, imported by M/S Foton Bus Company (Pvt), Ltd.