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Home Islamabad

No sales tax on import of 111 buses

byCT Report
15/07/2016
in Islamabad, Latest News
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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.

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