Taxes are the price we pay for a better society. It is essential to consider the different types of taxes in any country and their respective structures. Pakistan is no exception. In this article, we will take a closer look at the types of taxes included in the FESCO (Faisalabad Electric Supply Company) bill in Pakistan. The FESCO bills typically include all applicable types of taxes such as Sales Tax, Additional and advance Taxes, Late Fees, Regulatory Levies, Excise Duty, Duty on Gas Development Surcharge, etc. Each of these taxes is applied at different rates depending on the category of products or services. Sales Tax is collected from sales of goods and services and is charged at the rate of 17 percent. Additional & Advance Taxes are collected from commercial and industrial consumers and charges vary According to domestic tariffs.
The late fees are applicable when the payment of the bill is made after the due date. Regulatory Levies are also applicable depending on the consumers’ energy consumption. Excise Duty is applicable on cross-border electric supply and Duty on Gas Development Surcharge is also applicable in certain areas. Overall, the types of taxes included in the FESCO bills in Pakistan are essential in order to ensure that all businesses and households pay their fair share in taxation. Understanding the different rates and types of taxes is essential for any consumer or business wanting to get the most out of their energy consumption or sales activities.