The Chairman of the Federal Board of Revenue (FBR), Rashid Mahmood Langrial, has officially clarified that there are no plans to impose new taxes or increase the existing tax rate on solar panel imports. In a time when clean energy solutions are becoming crucial, this decision offers a welcome sense of relief to both consumers and businesses investing in renewable energy.
Speaking on Thursday, Langrial confirmed that no such proposal is under consideration to burden solar imports with additional taxes. This news comes as a major positive development for the solar industry, which plays a key role in helping the country move towards sustainable energy and reducing dependency on fossil fuels. With power prices soaring and load shedding continuing to affect daily life, the accessibility of solar power is more important than ever.
But that’s not all—there’s more good news from the FBR. In a supportive move for the education sector, the FBR chairman announced a 25% income tax rebate for teachers starting from the next fiscal year. For the current fiscal year, educators will either receive a tax refund or adjustment, ensuring immediate financial relief. This initiative reflects a growing recognition of the vital role teachers play in national development.
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Langrial also hinted at ongoing discussions with the International Monetary Fund (IMF) to explore tax relief options for the salaried class and other vulnerable segments of the population. These efforts signal a broader commitment from the government to ease the financial burden on working professionals amid rising inflation.
The decision to maintain current solar import tax rates and offer new tax rebates to teachers demonstrates a balanced approach—supporting both the green economy and key pillars of society.
