Wednesday, 23 May 2012 10:33
SOHAIL SARFRAZ
ISLAMABAD: The federal government has dropped a major budgetary proposal of the Federal Board of Revenue that seeks to reduce standard rate of 16 percent sales tax to 5 percent on the import of raw materials and inputs in the upcoming budget (2012-13).
Sources told Business Recorder here on Tuesday that the proposal for reduction in the sales tax rate from 16 to 5 percent was discussed threadbare at the level of the Ministry of ...