ISLAMABAD, March 3: The Federal Board of Revenue on Monday exempted sales tax on import and local supply of agriculture tractors below 35 HP.
The decision was taken through a sales tax notification SRO 193 of 2008.
The government has already exempted all agricultural tractors from sales tax. However, tractors below 35 HP (horsepower) classifiable under HS code 8701.9090 were not included in the Sixth Schedule of Sales Tax Act, 1990 inadvertently.
Through another sales tax notification SRO 192 of 2008, the government has zero-rated the sales tax on the value-added products of poultry meat and fish to provide benefit to the consumers.
The zero-rated items include frozen, prepared or preserved sausages and similar products of poultry meat or meat offal of all types including poultry meat and fish.
