ISLAMABAD: The total supply of flood-related goods - imported and locally supplied/sold - is exempt from payment of sales tax.
The Federal Board of Revenue (FBR) has issued a clarification on Tuesday on the exemption on local supply of goods for flood-relief operations.
According to the FBR, the Board has been receiving a number of queries regarding the exemption available to local supply of goods needed for flood relief operations.
The FBR has now clarified that the total supply of flood-related goods both imported and locally supplied/sold is exempt from the whole of sales tax if the same supply is certified by NDMA or PDMA. Furthermore, this exemption is available for a period of 90 days, wef, 30.08.2022 as per SRO 1636(1)2022, issued by the FBR on 30.08.2022.
Copyright Business Recorder, 2022