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Pakistan slashes sales tax on finished textiles to 6%
25 Oct '17
1 min read
Pakistan’s Federal Board of Revenue (FBR) has reduced the sales tax rate on imported finished goods of textile and leather sectors to six per cent from the earlier 17 per cent. The new tax rate would be applicable only if the products are for consumption in the domestic market and are ready-to-use by the general public, FBR said in a notification.
FBR’s SRO 1070(I)/2017 amends its earlier notification number SRO 1125(I)/2011 dated December 31, 2011. (RKS)
Fibre2Fashion News Desk – India
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