FBR reviews G-B tax exemption

FBR reviews G-B tax exemption

The FBR has taken note of concerns expressed by traders, stakeholders, and trade bodies about the proposed procedure regarding non-levy of federal taxes on goods imported for exclusive consumption in G-B. The FBR clarified that a comprehensive and robust mechanism has been put in place to ensure that these tax-exempted goods are not misused and do not adversely affect the interests of traders and the business community in the rest of Pakistan, s…

FBR issues clarification on tax exemptions for imports in Gilgit-Baltistan

ISLAMABAD: The Federal Board of Revenue (FBR) has issued a clarification regarding tax exemptions on imports in Gilgit-Baltistan. The FBR stated that a comprehensive system has been established to prevent the misuse of these exemptions, ensuring that the interests of the business community are protected. According to the FBR, Gilgit-Baltistan holds a special status, and the Sales Tax Act 1990, Income Tax Ordinance 2001, and Federal Excise Act 20…