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Zero rating on potatoes, tomatoes & pulses to be continued: FBR

Zero rating on potatoes, tomatoes & pulses to be continued: FBR

ISLAMABAD: FBR has clarified that no new taxes have been proposed to be levied on potatoes, tomatoes and medical syringes. The existing zero rating on potatoes, tomatoes other vegetables and pulses have been proposed to be continued in the Finance Bill. Similarly, existing concessions on all pharmaceutical raw materials, products/drugs have been proposed to be maintained and no new duty &taxes have been proposed on medical syringes and glucose strips.

In Finance Bill, the government has proposed reduction of duty rate from 30% to 25% on items like food preparations, fruits, kitchen wares and electronic appliances etc. However, regulatory duty is proposed to be levied on high end consumer goods.

Further, the government has not proposed any new concessions for Qatar/Emirates dignitaries in the Finance Bill. The existing concessions have been proposed to be maintained.