PAKISTAN HOSIERY MANUFACTURERS & EXPORTERS ASSOCIATION

PHMA House, 37-H, Block-6, P.E.C.H.S, Karachi.

Tel: 0092-21-34522769, 34522685, 34544765

Fax: 0092-21-34543774, E-mail: info@phmaonline.com





Through e-mail

PAKISTAN HOSIERY MANUFACTURERS & EXPORTERS ASSOCIATION
PHMA House, 37-H, Block-6, P.E.C.H.S, Karachi. Tel: 0092-21-34522769, 34522685, 34544765
Fax: 0092-21-34543774, E-mail: info@phmaonline.com   

Ref. No. PHMA/Cir-028/2021
Dated:27th July , 2021

To: All Members of the Association (Southern Zone & Northern Zone)

 

RULES FOR COMPUTATION OF PROFIT AND GAINS FOR SMALL AND MEDIUM ENTERPRISES -

SPECIAL TAX REGIME AND REDUCE TAX RATE FOR SME EXPORTERS

 

In Federal Budget 2021-22 through Finance Bill 2021, the Government has introduced Special Tax Regime for SMEs of General Sector whereby rate of tax for Category I ? 0.25% turnover upto Rs100 million and for Category II ? 0.50% for turnover not exceeding Rs250 million. However, SMEs of Export Sector was not covered under this special tax regime.

 

With the best efforts and on the demand of the Association, the Government through Finance Act 2021 has included the SMEs of Export Sector in the special tax regime and reduce tax rate to 0.25% for turnover upto Rs100 million and 0.50% for turnover not exceeding Rs250 million.

 

Relevant Pages of Finance Act, 2021 are enclosed herewith for information and record.

 

Best Regards,

 

Muhammad Jawed Bilwani

Chief Coordinator




ENCLOSURES.pdf


PAKISTAN HOSIERY MANUFACTURERS & EXPORTERS ASSOCIATION (PHMA)
Central Office: PHMA House, 37-H, Block-6, P.E.C.H.S., Karachi-74500, Pakistan
+92-21-34544765    +92-21-34544764 / 34545683    +92-21-34543774    +92-309-3337462
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