ISLAMABAD: The federal government is reviewing a proposal to withdraw the sales tax (ST) exemption currently applicable to solar panels in the upcoming 2025-26 federal budget, Federal Board of Revenue (FBR) Chairman Rashid Mahmood Langrial confirmed on Thursday. Responding to a question during a Senate Standing Committee on Finance meeting at Parliament House, Langrial stated that the FBR is examining options to phase out various tax exemptions, including those for imported solar equipment. The move, if finalized, could impact the affordability of solar energy solutions amid growing demand for clean…
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Will 18% GST on net metering slow down Pakistan’s solar boom?
In a key development on the renewable energy front, the Federal Tax Ombudsman (FTO) ordered that solar net metering consumers in Pakistan pay an 18% sales tax. The decision was made after discovering a significant revenue loss of approximately Rs9.8 billion, as reported by Business Recorder on Tuesday. Under the ruling, the sales tax will be applied to the total amount of electricity supplied by power distribution companies (DISCOs), without considering the net metering arrangement. This means that consumers will be taxed on the full amount of electricity they receive, not just the…
Read MoreChina shuts down all solar panels in the world: It has used an impossible material
In an amazing advancement for photovoltaic technology, Chinese researchers have developed a way to grow four-terminal (4T) perovskite-CIGS tandem solar cells with a world-record 29.36% efficiency. This achievement not only establishes a new benchmark in the world of solar energy conversion but also showcases the evolution of perovskite, a material with little efficiency, to one complete with potential. Revolutionizing solar energy: How perovskite went from “impossible” to essential Discovered in the 19th century, perovskite has long puzzled scientists by its unusual crystal structure. But, back in the early days of photovoltaic (just…
Read MoreState Bank Wants a Supplier List for Solar Panel Importers
The State Bank of Pakistan (SBP) has requested government services to gather a rundown from legitimate providers to import sunlight based chargers and keep away from tax evasion or over-invoicing as a few nearby merchants have laid out exchange substances abroad, jeopardizing them of over-invoicing.
Read MoreImport of Solar Panels SBP Asks Govt To Prepare List of ‘Reputable’ Suppliers
State Bank of Pakistan (SBP) has proposed to the government services to set up a rundown of respectable providers to import sun powered chargers to keep away from tax evasion or over-invoicing as a few nearby merchants have laid out exchange substances abroad which are conveying the gamble of over
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