FBR may issue New Sales Tax Procedure for Coal Mining Companies
Inside sources of PakistanACCA told us that the Federal Board of Revenue (FBR) is likely to issue a new sales tax special procedure for coal mining companies for payment of sales tax in budget (2012-2013) to replace the existing system of fixation of a minimum value of taxable supply of locally produced coal at Rs. 1000 per ton for the purpose of sales tax calculation. Sources told PakistanACCA that the FBR has principally agreed to the reservations of the Pakistan Mine Owners Associati