NA, Senate panels reject 18% tax on solar panels
9 Articles
9 Articles
Govt Cuts Solar Panel Tax to 10% Amid IMF Deal
The federal government has agreed to cut the proposed sales tax on imported solar panels from 18% to 10%, following strong resistance from coalition partners and in response to IMF-mandated conditions. Initially, coalition lawmakers demanded a complete exemption on solar panels, urging the government to “bring down the tax rate to zero.” However, due to Pakistan’s ongoing agreement with the International Monetary Fund (IMF), a full exemption cou…
Senate, NA committees reject 18% tax on solar panels
The National Assembly and Senate finance committees on Tuesday rejected the government’s proposal to impose 18% sales tax on solar imports. Finance Minister Muhammad Aurangzeb had proposed the 18% tax in the 2025–26 budget, also extending tax to digital marketplaces. FBR Chairman Rashid Mahmood Langrial clarified that no sales tax applied to fully imported solar panels or photovoltaic cells. He explained that imported solar panel parts, later as…
Senate committee recommends abolishing 18pc sales tax on solar panels
ISLAMABAD – The Senate Standing Committee on Finance, chaired by Saleem Mandviwalla, has recommended the withdrawal of the recently imposed 18% sales tax on imported solar panels. During a heated session, committee members criticized the move, pointing out that certain groups had stockpiled solar equipment prior to the budget announcement. Mandviwalla called the tax discriminatory, […] The post Senate committee recommends abolishing 18pc sales t…
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