Govt Announces Exemption of Sales Tax on Solar Panels

The federal government has decided to exempt the import and local supply chain of solar panels and agriculture machinery from sales tax.

The decision was announced by Finance Minister Miftah Ismail while presenting the Budget for the fiscal year 2022-23 (FY23) in the National Assembly.

Under the new budget, Miftah Ismail has proposed that families using less than 200 units of electricity will be given loans in easy installments for purchasing a solar panel.

The government is also withdrawing sales tax on agriculture machinery including tractors and the supply of wheat, maize, canola, sunflower, and rice.