US EditionFBR Sets Cement Sales Tax Benchmark Using Prices from PBS
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FBR Sets Cement Sales Tax Benchmark Using Prices from PBS
Islamabad May 3 2025: In a recent notification, the Federal Board of Revenue (FBR) announced that the minimum retail price for cement, used to determine sales tax, will now be based on the average national retail price published by the Pakistan Bureau of Statistics (PBS). The price will be taken from the PBS’s weekly Sensitive Price Indicator (SPI) as posted before the 1st and 16th of each month and will apply to the corresponding fortnight. The…
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