ISLAMABAD: The Federal Board of Revenue (FBR) has reduced sales tax on imported finished goods/articles of textile and leather from 17% along with 2% value addition sales tax to 6 percent sales tax along with 2% value addition tax on both at import and its subsequent supplies stage.
The FBR issued SRO 1070(I)/2017 to amend SRO 1125(I)/2011 and said that supply of such items the sales tax rate would be six percent.
Similarly, the sales tax at 17 percent plus two percent value addition tax on import of finished goods of carpets, sports and surgical sectors. Their supply thereof will charge at 17 percent sales tax.
