- FBR updates list of goods eligible for zero-rate sales tax for fiscal year 2025-26
- Zero-rate sales tax allows goods to be taxed at zero percent while businesses claim input tax credits
- Key goods include all exports from Pakistan and supplies for ships and aircraft traveling abroad
- Federal Government may add goods for national security, disasters, or international agreements
- Exclusions include goods re-imported or declared for export but not shipped
- Government may limit input tax credit to prevent misuse
- Aims to support exporters, simplify tax procedures, and enhance trade competitiveness
Source: pkrevenue.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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