Three provinces agree to impose uniform tax on oil tankers
LAHORE : Provincial Revenue Boards of Punjab, Sindh and Khyber-Pakhtunkhwa (KP) have unanimously decided to impose uniform tax rate on goods transported by oil tankers across the provinces.
The decision was made in a meeting held at the Punjab Revenue Authority (PRA) headquarters on Friday. The meeting was also attended by officials of the Sindh Revenue Board (SRB) and Khyber-Pakhtunkhwa Revenue Authority (KPRA).
The meeting discussed different formulas for distribution of revenue collected under this head. The PRA is of the view that the share should be distributed on consumption basis while the SRB officials sought it on the origin basis.
They pointed out that the oil tanker owners has approached the chief ministers to defer the implementation of the tax on them. In addition, they also used their influence through the federal government and the Ministry of Petroleum and Natural Resources which has previously requested to delay it after every quarter for another quarter. The SRB has imposed this tax on oil tankers from July 1, 2014 and the PRA from July 1, 2015.
The oil tankers’ owners which are still out of the tax net have threatened the government with strikes and suspending the oil supplies across the country if any tax will levied on them.
An official of the PRA has already moved a summary to the Punjab chief minter to implement the tax from October 1, 2016. The final decision would be made by the chief executive of the province, he said.
Source : APP