Pakistan's value-added textile sector rejects new taxes

Business Club March 21st Pakistan's value-added department strongly opposed the current government's withdrawal of the zero tax rate on the export sector.

In a statement on Friday, Syed, president of the Southern District Association of the Pakistan Towel Manufacturers Association (TMA). Uussman said that the new measures taken by the government will open the door to government officials and trade.

Youssman said that the sky-high invoices will once again become popular in China and open doors to fake trade tax rebates claimed by fake traders. The real exporters will still have huge funds and remain in the hands of arrogant tax authorities.

Uussman said that although the government does not directly levy taxes on exports, the gins are included in the consumption tax system. In addition, unregistered suppliers and expropriation of consumption taxes at the import stage will have a huge impact on exporters, resulting in their funds. Blocked.

Uussman said that according to the president’s instructions, raising the special federal consumption tax (SFED) will greatly increase the daily administrative expenses of exporters, because the special federal consumption tax is based on all bank bills. The special federal consumption tax was raised from 1% to 2.5%.

Youssman also expressed concern about the additional levy on income taxes.

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