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FBR to charge 7.5% tax on electricity bills

FBR to charge 7.5% tax on electricity bills

ISLAMABAD: Federal Board of Revenue has obtained the list of commercial and bulk electricity consumers and sent it to regional tax offices to make tax collection possible.

Sources told Customs Today that FBR, with coordination of KESC and DISCOS, will collect 5 per cent and 7.5 per cent sales tax on electricity bills.

“The consumers with Rs 20,000 or above electricity bills will be charged 5, 7 and 7.5 per cent sales tax on the amount of electricity bill” they added.

FBR has also decided to charge Steel mills Rs 7 per unit on their bulk bills through DISCOS.

Sources also informed that FBR has written two letters to Member IT Ra’ana Amhad in this regard and decided to design a software for these collections.