FBR sustains Rs17 billion revenue loss on sugar sales in January-September

Описание: KARACHI: The Federal Board of Revenue (FBR) has sustained at least Rs17 billion in revenue loss from sugar sale during the past nine months as the sweetener market price remains higher than the value set for the taxation purpose, sources said on Thursday.


Sources said the revenue was estimated to have been lost on domestic sale of refined sugar that could have been saved if the value of the commodity were linked with the consumer price.

The FBR fixed sugar price at Rs60 per kilogram for the purpose of sales tax collection.

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