Solectic Engineering

BUDGET 2022-23 SALES TAX EXEMPTED ON SOLAR PANELS, AGRICULTURE MACHINERY

The government is also withdrawing sales tax on agriculture machinery including tractors and the supply of wheat, maize, canola, sunflower, and rice.

The government has also exempted imports of charity hospitals from sales tax. Non-profit and charity hospitals with 50 beds or above will be exempted from tax on electricity and all local supplies.

Miftah Ismail has proposed changes in customs duty, additional customs duty and regulatory duty on 400 items related to the manufacturing sector.

On the other hand, the federal government decided to impose taxes on Solar Panel those sending remittances abroad via credit, debit and pre-paid cards.

It has also been suggested that the filers who send money abroad through credit, debit, or pre-paid cards will have to pay 1 percent withholding tax, while for a similar transaction, non-filers will be charged 2 percent tax, he said.

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