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FBR Launches New Sales Tax System for Sugar with Biweekly Price Reviews in Pakistan

  • FBR introduces a new sales tax collection system for sugar in Pakistan
  • Sugar prices will be reviewed every 15 days to set the tax rate
  • Sales tax is based on a sugar price Rs16 per kilogram lower than the Pakistan Bureau of Statistics report
  • Ex-mill price for sugar is determined by subtracting Rs16 per kilogram from the published price
  • Sales tax will be collected based on this adjusted price

Source: tribune.com.pk

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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