Pakistan Leather Products And Other Five Sectors Enjoy The Right To Exemption.
According to the source report,
Pakistan
The Federal Ministry of finance has agreed to extend five key issues.
Exit
Tax exemption enjoyed by departments.
These five sectors include textiles, leather goods and sporting goods.
The scope of tax exemption is the overseas sales of products of these five sectors and the supply of registered persons.
On Saturday, Pakistan government departments and Karachi workers
Commerce Chamber
The representatives of (KCCI) and other stakeholders from Islamabad held a meeting.
At this meeting, the government assured the industry that the policy will be long-term and will last for at least three years.
The relevant side also decides: if the supply chain is from
Do spinning
The process of the finished product is completed by the registrant, and the zero tax policy will remain unchanged.
Further decisions were made: two kinds of implementation.
tax rate
The yarn stage is 6%, while any increase in invoice value is 4%.
These two taxes are only collected from unregistered persons, whose benchmark is the value of the unregistered persons.
The problems associated with withholding taxes are solved by reducing the tax rate on products and services from 3.5% to 1%, while the federal consumption tax is still maintained at 0%.
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