Islamabad, April 07, 2020: Federal Board of Revenue (FBR) has made the following changes through its notification no. S.R.O. 287(1)/2020.
The rate of income tax withholding in case of a person, other than a company, for goods supplied to Utility Stores Corporation of Pakistan shall be 1.5% of the gross amount of payment in respect of supply of tea, spices, salt, dry milk, sugar, pulses, wheat flour and ghee for the period commencing from the date of issuance of this notification till so” June, 2020:
This change shall not be applicable to supply of tea, spices, salt and dry milk which are sold under a brand name:
This change shall also not be applicable where the rate of income tax withholding under clause (a) of sub-section (1) of section 153 is less than 1.5% of the gross amount of payment under any provisions of the Ordinance.”; and
There shall be no advance income tax at import stage on persons importing pulses for a period commencing from the date of issuance of this notification till 30th June, 2020.”