Related Keywords: are chargeable to Sales Tax, Federal Board of Revenue, five major export oriented sector, Imported finished textile articles, includes Textile, locally made finished textile articles, ongoing budget exercise, Retailers of textile sectors, reworking sales tax structure, value addition, zero rated from sales tax to boost up exports
The Federal Board of Revenue (FBR) during the ongoing budget exercise for 2016-17 is reworking sales tax structure on the five major export oriented sector which includes textile, carpets, leather, surgical and sports goods under SRO.1125. According to Tax experts, sales tax on five export-oriented sectors was declared zero-rated first time through Finance Bill 2005.
