In Pakistan, FBR raises the sales tax on tractors.

The FBR’s announcement states that the sales tax on domestically produced tractors has increased from 10% to 14% and that the same rise is applicable to imported tractors.

Some sales tax exemptions for tractors have been lowered, according to Federal Board of Revenue (FBR) authorities. The FBR authorities stressed that although the sales tax was raised from 18 percent to 14 percent, this change would not result in higher tractor prices.

The sales tax refund procedure will be made simpler by this tax rate drop, they added.

The Sindh Chamber of Agriculture, on the other hand, disagreed, stating that the Rs80,000 increase in sales tax would make tractors more costly and put additional financial hardship on farmers who want to buy them.

The Customs Intelligence department was previously disbanded by the Federal Board of Revenue (FBR) because of subpar performance and suspected smuggling complicity.

The FBR reorganized the Customs Intelligence and Investigation section, reducing its function to monitoring exclusively according to specifics. Additionally, personnel of Customs Intelligence no longer have the power to stop or discharge consignments.

Following instructions from the Prime Minister, the chairman of the Federal Board of Revenue (FBR) released a notification detailing changes and a new organizational structure.

intelligenceAccording to this strategy, Customs Intelligence will no longer be able to carry out sting operations or raids.