Tuesday, 30 May 2023
Trending
Apple IPhone XS Max PTA and Import TAX in Pakistan | Non PTA price in Pakistan 8009 Nadra family verification system | 8009 Nadra online check | 8009 sms Nadra Lesco Bill Check Online 2022 | How to Get Lesco Duplicate Bill Online 1500 Prize Bond Draw List 15 August 2022 How to Check and Verify Vehicle Ownership | Car Registration Online Check Prize Bond 750 list 2022 | Prize Bond Schedule 2022 How to Check Number of Mobile SIMs Issued Against Your CNIC 750 Prize Bond List 2022 | Prize Bond Schedule 2022 200 Prize Bond Draw List 2022 15th March 2022 – Prize Bond Draw Schedule Dates and Results 2022 Pandora Papers Leaks Financial Secrets of Pakistan's Rich and Powerful exposed Top tax issues of Pakistan in 2020 Sales tax zero rated Supplies in Pakistan PTCL Tax Certificate Nothing Phone 1 Price and PTA Tax in Pakistan List of Prize winners of point of sales prize Scheme of FBR draw held on 15th February 2022 Senate Panel criticized FBR for sending tax notices Number of active taxpayers dropped by 30% Rupee Weakens Further Against Dollar Countdown Begins for FBR Lucky Draw 15 July 2022 RS. 1500 Prize Bond Result, 17 May 2021 Announced IMF reports stagflation in Pakistan FATF's condition fulfilled, 15000 and 7500 Prize Bonds to be abolished NTN Verification by CNIC Govt launching Kamyab Pakistan program for small business loans 100 Prize Bond Draw List 2022 16th May 2022 – Prize Bond Draw Schedule Dates and Results List of updated nonintegrated tier-1 retailers, penalty and deadline to integrate CAF autumn result announced by ICAP today How to Prepare / Pay Penalty / Surcharge Challan against Late Tax Returns for ATL Amazon denies news of accepting Bitcoin as payment Good news for salaried taxpayers: salary tax adjustments through employer FBR introducing virtual assessments of imported goods FBR takes new steps for ease of doing business & taxpayers facilitation Car financing reaches to record high How to Make Money Online with WhatsApp How to Check ATL Status Online | FBR Active Taxpayer Status Federal Board of Revenue Rejected a News Report Published All about Pakistan Single Window and step by step registration procedure Asim Ahmad Appointed As New Chairman FBR Apple IPhone XR PTA and Import TAX in Pakistan and Non PTA Price in Pakistan FATF awarded another lifeline to Pakistan Petrol Prices Pakistan Increased Again Mera Pakistan Mera Ghar Housing Loan Scheme Procedure for registration of FBR informer How to Download Lesco Bill Advance Income Tax Certificate Online Under Section 235 in 2022 Updated Penalty Provisions on failure to file the return within the due date 2021 Staff required/Jobs Alert: Tax Manager, Tax Specialist, Tax Analyst FBR Will publish Active Taxpayers List Today for Tax Year 2020 Field formations directed to pay all income tax refunds submitted by January 31, 2021: FBR China-Pakistan Economic Corridor project: Chapter added by FBR in the customs law Salary Increase of Government Employees 2022
UPDATES

FBR opposed to restore the zero rating system

By

The Federal Board of Revenue (FBR) has opposed the proposal to restore the zero-rating system in the textile sector or introduce lower sales tax rates in five export sectors.

According to media reports, exporters have approached the Prime Minister and various parliamentary committees with a proposal to restore the sales tax zero rating system in the budget (2020-21). The industry’s alternative proposal is to reduce the sales tax rate in five export sectors from 17% to 5%. However, the FBR has taken a principled stand on the government’s non-withdrawal of sales tax from export sectors. The FBR said we can only propose to policy makers and the final decision will be taken by the government. Previously, Ministry of Industry and Production informed the exporters that the government would consider restoring the zero rating system in the next budget.

Shabbar Zaidi opposed restoring Pakistan’s export sector to zero rating | ALSO READ

The private sector opined that the imposition of 17% sales tax has had a devastating effect on the textile industry and its exports. The government should review and restore the situation. Zero-rated government for the five largest export sectors.

On January 6, 2021, the former chairman of the FBR Mr Shabbar Zaidi tweeted, “Zero rating for the export sector. I fought and won to break the zero rating for the export sector. It would be regressive to reverse it.” If this is done then we should forget about it. Any tax system in Pakistan. Improve the refund system. In this age of technology, it will be unnecessary.

Shabbar Zaidi | Former Chairman FBR |

FBR established Export Oriented Sectors Registration Cell
| ALSO READ

Source | Zero Rated Sector | Textile Sector | FBR | Federal Board of Revenue | Shabbar Zaidi |

Top-Tax-Consultants-Lahore-Pakistan
Ads:

LATEST POSTS

TaxUrdu.com

Related posts
UPDATES

FBR issues new active taxpayers list for Tax Year 2022

By
Table of Contents FBR issues new active taxpayers list for Tax Year 2022How much taxpayers filed…
Read more
UPDATES

Salient Features of Finance Supplementary Bill 2023 | Mini Budget

By
Table of Contents Salient Features of Finance Supplementary Bill 2023 | Mini BudgetFinance…
Read more
UPDATES

How to Check your FBR Maloomat and tax details

By
Table of Contents How to Check your FBR Maloomat and tax detailsStep by step procedure to check the…
Read more
Newsletter
Subscribe Now

Sign up for  Daily Digest and get the best of News for you.

[contact-form-7 id="11414" title="Contact form 1"]