FBR Forces More Steel Makers to Pay Rs. 5/Unit Electricity Tax
For context, the Federal Board of Revenue (FBR) has expanded the list of iron and steel manufacturers subject to a sales tax of Rs.
For context, the Federal Board of Revenue (FBR) has expanded the list of iron and steel manufacturers subject to a sales tax of Rs.
Article outline
- What happened
- Why it matters
- The details
- The bottom line
Key points
- 22 of 2026, amending STGO 16 of 2026, and continued four registered manufacturers from the iron and steel sector.
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- 5-per-unit sales tax will apply to all electricity connections of the listed manufacturers with immediate effect.
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FBR issued Sales Tax General Order (STGO) No. 22 of 2026, amending STGO 16 of 2026, and continued four registered manufacturers from the iron and steel sector. FBR Chairman's Hilal-e-Imtiaz Draws Heavy Criticism.
In practice, the tax applies to melters, re-rollers and composite units that meet the prescribed criteria for scrap consumption, electricity employ and imports of scrap under specified HS codes.
FBR remarked the listed manufacturers imported more than 70 percent of their total scrap purchases under the relevant HS codes directly during the previous 12 months, including purchases through the Export Facilitation Scheme and from importers. Their operations are additionally integrated with the FBR's computerized system.
Meanwhile, the Rs. 5-per-unit sales tax will apply to all electricity connections of the listed manufacturers with immediate effect.
FBR remarked the list may be revised from time to time. Registered manufacturers may additionally be went on or removed after examination by the Board or on the recommendation of the concerned Commissioner Inland Revenue. Stay Connected with ProPakistani.
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In short, FBR Forces More Steel Makers to Pay Rs. 5/Unit Electricity Tax is the central thread here, and readers can expect follow-up reporting as the picture becomes clearer.
