FBR Eases Sales Tax Refunds for Export Sectors

The Federal Board of Revenue (FBR) has amended Sales Tax General Order (STGO) No. 09 of 2023, excluding polyurethane (HS Code 3909) from the negative list for sales tax refunds. This decision aims to provide relief to manufacturers of leather, textile, carpet, surgical, and sports goods by facilitating refunds on this integral raw material. The amendment takes immediate effect, supporting export-oriented industries. While this measure aids export sectors, its direct impact on gold or currency rates in Pakistan is expected to be limited.

بحوالہ / Source: www.brecorder.com