The Ministry of Finance has made it mandatory for the beneficiaries of sales tax zero-rating to be ‘active’ in the Active Taxpayers List (ATL) of the Federal Board of Revenue (FBR), failing which they would be charged a non-refundable sales tax of six percent.
“In case of persons already registered under the Sales Tax Act, 1990, benefit of this notification shall be available only if they are shown as active in active taxpayers list (ATL) on the website of Federal Board of Revenue,” says SRO283(1)/2011 issued by the ministry on Friday.
If any person was not found among active taxpayers with FBR, he would be liable to pay a non-refundable sales tax at the rate of six percent on the goods to be purchased or imported.
The five zero-rated sectors are textiles, sports goods, leather goods, surgical instruments and carpets.
The ministry, however, encouraged people to get registered with FBR under the amnesty scheme announced for them. “The persons registered after the issuance of notification but not after 30th day of June, 2011, in case of persons already engaged in businesses in above sectors, shall not be questioned about their past transactionsÖ,” the notification said.
But in case ‘commercial importers’ get registered with FBR to take benefit of zero-rated regime, they will have to ‘satisfy’ the ‘Collector of Customs’ at the time of import of their first consignment about their businesses, the notification said. It, however, failed to explain what would satisfy a collector.
Commercial importers would also be liable to submit certificate(s) from the bank(s) in which they were operating their business account(s) to prove their financial soundness, said the ministry.
The notification added that no special excise duty would be charged on the goods of the said sectors. Moreover, the five sectors would also remain exempted from the special excise duty on exports and local sales, it said.
“In case of persons already registered under the Sales Tax Act, 1990, benefit of this notification shall be available only if they are shown as active in active taxpayers list (ATL) on the website of Federal Board of Revenue,” says SRO283(1)/2011 issued by the ministry on Friday.
If any person was not found among active taxpayers with FBR, he would be liable to pay a non-refundable sales tax at the rate of six percent on the goods to be purchased or imported.
The five zero-rated sectors are textiles, sports goods, leather goods, surgical instruments and carpets.
The ministry, however, encouraged people to get registered with FBR under the amnesty scheme announced for them. “The persons registered after the issuance of notification but not after 30th day of June, 2011, in case of persons already engaged in businesses in above sectors, shall not be questioned about their past transactionsÖ,” the notification said.
But in case ‘commercial importers’ get registered with FBR to take benefit of zero-rated regime, they will have to ‘satisfy’ the ‘Collector of Customs’ at the time of import of their first consignment about their businesses, the notification said. It, however, failed to explain what would satisfy a collector.
Commercial importers would also be liable to submit certificate(s) from the bank(s) in which they were operating their business account(s) to prove their financial soundness, said the ministry.
The notification added that no special excise duty would be charged on the goods of the said sectors. Moreover, the five sectors would also remain exempted from the special excise duty on exports and local sales, it said.
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