Senate Rejects 18% Tax on Solar Panels

Senate rejects 18% tax on solar panels

The Senate has approved with a majority vote the report of its standing committee on finance—rejecting an 18% tax on solar panels, sales tax on homeopathic items and stationery, and tariffs on the steel sector. In its report, presented in the upper house of parliament on Saturday, the committee also opposed increased taxation on 800cc vehicles, suggesting a 12.5% cap. It proposed no increase in tax on print media and IT services and urged that t…

‘Taxing solar panels to not reverse transition towards clean energy’

Workers washing 300 KWP solar PV system after its installation at Nishtar Medical University and Hospital in Multan, on December 4, 2022. — APPThe imposition of general sales tax on imported solar panels, regardless of the final tax rate decided by the federal government, will not slow down...

Senate Blocks 18% Tax on Solar Panels in Budget Review

The Senate of Pakistan has officially rejected the proposed 18% tax on solar panels, along with new taxes on homeopathic products, stationery, and increased tariffs on the steel sector. The decision came as the upper house of parliament approved its standing committee on finance’s report by majority vote. The committee’s report, presented by Senator Saleem Mandviwalla, also recommended no tax increases on print media and IT services and urged re…

Big relief: Senate committee agrees to end 18% tax on solar panel imports

Aurangzeb announces further tax relief for salaried class

Islamabad Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb has announced key relief measures in the federal budget for 2025-26, including a significant reduction in income tax for the salaried class and a cut in general sales tax (GST) on imported solar panels. Winding up debate on the finance bill 2025-26 in the Senate on Saturday, Senator Aurangzeb further said that individuals earning between Rs600,000 and Rs1.2 million ann…

Cut from 18pc to 10pc: Solar panel prices to go up 4.6pc only, Aurangzeb tells Senate

ISLAMABAD: The prices of imported solar panels would increase “only by 4.6 percent” as a result of the reduction...