Friday September 02, 2022

Tomato, Onion Imports Exempted From Taxes

ISLAMABAD: The Federal Board of Revenue (FBR) has exempted all duties and taxes including sales tax and withholding tax on the import of onions and tomatoes till December 31, 2022.

The FBR has issued two Statutory Regulatory Orders (SROs) to provide exemption from taxes/duties on import of onion & tomatoes to stabilize commodity prices, escalating due to floods.

Recent floods have brought unprecedented crop damage. As a result, the prices of onion and tomatoes have sky-rocketed in the local markets. In order to alleviate the sufferings of the people due to abnormal price hike, the prime minister ordered urgent relief measures to ensure an uninterrupted supply of onion and tomatoes in the local markets.

β€œIn line with the vision of the prime minister, and on the directions of the federal government, the FBR has exempted all duties and taxes on import of onion and tomatoes,” the FBR said on Thursday. Such imports were already exempt from customs duty but were chargeable to 17 percent sales tax, 3 percent additional sales tax and 1 percent income tax. Now these can be imported duty / taxes free till 31.12.2022.

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