Millat Tractors Limited’s reduction of sales tax on tractors

Karachi: We write to inform you that the federal government has notified the reduction in Sales Tax on Tractors from 16% to 5% with immediate effect. The Sales Tax will be charged @ 10% effective January 01, 2013 and standard rate shall be applicable w.e.f. January 01, 2014.

This will have very positive impact on demand and sale of tractors as the gradual increase in Sales Tax rate will be absorbed and accepted by the market.

For more information, contact:
Mian Muhammad Saleem
Company Secretary
Millat Tractors Limited
P. O. Box No. 12023, Sheikhupura Road,
Shahdara, Lahore, Pakistan.
Tel: 92-423-7911021-25,
UAN: 111-200-786
Fax: 92-423-7924166 / 92-42-7925835

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