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FBR cuts additional customs duty on import of agriculture tractors
TAXATION

FBR Reduces Additional Customs Duty on Import of Agriculture Tractors

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FBR Reduces Additional Customs Duty on Import of Agriculture Tractors

FBR Reduces Additional Customs Duty on Import of Agriculture Tractors. The Federal Board of Revenue (FBR) has announced to reduce additional customs duty from 35 per cent to 15pc on the import of agricultural tractors.

The Board amended SRO 693(I)/2006 through an SRO 2305(I) 2022.

Through the new SRO, the FBR will charge 15pc additional customs duty for existing manufacturers of Agricultural Tractors, new entrants in tractor manufacturing for manufacturing of new and old make and models of agricultural tractors, regardless of HP.

SRO 2305 issued by FBR regarding cut in additional customs duty on agriculture tractors. FBR Reduces Additional Customs Duty on Import of Agriculture Tractors.
See also  Tax on Agricultural Income in Pakistan
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