Tariff Commission Seeks Extension of Tax Exemptions on Edible Oil

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Tuesday, 18 March 2025 , 06:39 PM


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The Trade and Tariff Commission has requested an extension of tax exemptions on edible oil imports to help keep prices stable in the market.

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On Tuesday (March 18), the commission sent a letter to the Chairman of the National Board of Revenue (NBR) regarding this matter.

The current tax exemption on edible oil is set to expire on March 31, raising concerns about potential price hikes. To prevent this, the commission has recommended extending the Value Added Tax (VAT) exemption for an additional three months.

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Previously, on December 15, the government introduced this exemption until March 31 for soybean oil at the import, production, and business levels. The exemption covers:

  • Refined and crude soybean oil
  • Refined and crude palm oil
  • Crude sunflower oil
  • Crude canola oil

Additionally, refined soybean and palm oil remain exempt from VAT at the local production level.

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Importers of crude and refined sunflower and canola oil also benefit from an advance tax exemption at the import stage.

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