Home / Knowledge / News / Textiles / Pakistan govt reduces sales tax on fabric imports
Pakistan govt reduces sales tax on fabric imports
08
Oct '13
The Revenue Division of the Ministry of Finance, Government of Pakistan, has issued a notification reducing the sales tax on import of fabrics to three percent from the earlier five percent.
 
“Notwithstanding anything contained in any other condition of this Notification, import and supplies of fabric shall be charged to sales tax at the rate of three percent and value addition tax at the rate of two percent shall be chargeable on commercial imports of fabrics,” the notification said.
 
SRO 898(1)/2013 does not differentiate between the finished and raw fabric for levying sales tax at 3 percent rate.
 
Under the Finance Bill (2013), the Federal Board of Revenue (FBR) had initially introduced 17 percent sales tax on finished goods. However, this tax was later on reduced to 5 percent through notification 682(1)/2013. 
 

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 22nd Apr 2017

Strong rupee & weak trade to affect textile exporters

Textile and apparel exporters' earnings and EBITDA margins will be...

Textiles | On 22nd Apr 2017

Myntra acquires InLogg

With an aim to strengthen supply chain and logistics, Flipkart-owned...

Textiles | On 22nd Apr 2017

Aditya Birla Group launches new variant Liva Crème

After its successful launch of high quality fabric Liva in 2015,...

Interviews View All

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search