Traders irked over inclusion of edible oil in Sales Tax Act
Notification resulted in a 10% increase in the cost of importing edible oil in the country
Haq also expressed concern at the immense level of double taxation in the system and called for major sales tax reforms. CREATIVE COMMONS
KARACHI:
The business community has expressed shock over inclusion of edible oil in section 8B of Sales Tax Act by the government and it has claimed that the move would result in a 10% increase in the cost of importing edible oils in the country
In a statement on Saturday, Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Vice President Nasir Khan strongly condemned the inclusion of edible oil in section 8B of Sales Tax Act through Statutory Regulatory Order (SRO) 1190(I)/2019 issued by the FBR.