Pakistan, Feb. 25 -- Solar net metering consumers in Pakistan have been ordered to pay an 18 percent sales tax, media reported on Tuesday.
As per the report, the Federal Tax Ombudsman (FTO) has issued a directive that consumers utilizing solar net metering across the country would be subject to an 18% sales tax following the discovery of a significant revenue loss amounting to Rs 9.8 billion.
The FTO has instructed power distribution companies (DISCOs) and the Federal Board of Revenue (FBR) field formations to implement such changes "immediately," the report added.
It has been clarified in the orders that sales tax must be applied to the gross value of electricity supplied by DISCOs, without considering the net metering arrangement-whe...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.