Налоговая Пакса снизила ставку акциза на электроэнергию для пяти новых сталелитейных заводов

The Federal Board of Revenue (FBR) has issued a notification amending the Sales Tax General Order to provide a Rs5 per unit sales tax facility on electricity to five additional steel manufacturing units. The revised rate will take effect immediately and will apply to all electricity connections of the concerned steel manufacturers. According to the FBR notification, the newly included steel units are Rashid Steel, Batala Steel, Royal Steel, Platinum Steel Mills and KBS Steel Furnace. The facility allows eligible manufacturers to pay sales tax on electricity at the rate of Rs5 per unit. The FBR said the eligibility of companies for the reduced electricity sales tax rate has been determined based on the quality of their steel products and the scrap used by the units. The new rate is applicable immediately following the issuance of the notification. FBR can revise list of eligible units The notification also gives the FBR the authority to change the list of eligible steel units as required. This means additional manufacturers may be included or changes may be made to the list depending on the FBR's assessment and requirements. The amendment is part of the FBR's revised arrangements for applying sales tax to electricity consumed by qualifying steel manufacturers.