37-H, BLOCK-6 P.E.C.H.S., KARACHI-PAKISTAN
TEL: 0092-21-34522769, 34522685, 34544765 FAX: 0092-21-34543774
Ref. No. PHMA/Cir-035/2013
Dated: 1st March, 2013
MOST URGENT AND IMPORTANT
TO ALL MEMBERS OF THE ASSOCIATION
FBR’s S.R.O.154(I)/2013 dated 28th February, 2013 to withdraw Zero-Rate of Sales Tax
We are attaching herewith FBR’s S.R.O.154(I)/2013 dated 28th February, 2013 and consequent the Press Conference of the Value Added Textile Sector held on Thursday, 28th February, 2013, as decided, all our valued members are requested not only to register their protest but also display black flag on their factories as a sign of protest against this harsh measure of Federal Board of Revenue.
The zero-rating scheme of the five export oriented sectors has been modified to withdraw zero-rate of sales tax and instead introduce rate of 2% sales tax on supplies to the five sectors (except utilities). Rate of sales tax for outside the five sectors has been kept intact at 5%.
This Notification shall take effect on and from the 1st day of March, 2013.
Thanks & Best Regards