Sales Tax on old, used clothes reduced: FBR

The Federal Board of Revenue says that sales tax on old and used clothes has been reduced.

The official spokesperson of the FBR was clarifying a news item appearing in a section of the press, which had stated that the govt has increased sales tax on used cloths.

She stated that Sales Tax on old and used clothes has been reduced by the Federal Minister for Finance Mohammad Ishaq Dar, from 17% as stated on the floor of the National Assembly in his Budget speech on 5th June 2013, to 5% in his winding up speech and as incorporated in the Finance Act 2013.

This reduction in Sales Tax from 17% to 5% was due to Government’s consideration for the common man, who uses these old / used clothes.

Short URL: https://www.newspakistan.pk/?p=40914

Posted by Tahir Khan on Jul 15 2013. Filed under Business, Latest News, Pakistan. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.