The Government Of Pakistan Will Make A Decision To Restore The Tax Exemption Mechanism For Textile Machinery.

2011/8/6 10:47:00 60

Restoration Of Import Mechanism For Textile Machinery

According to media reports, the government of Pakistan stopped the tax exemption mechanism for importing machine business tax in March 15, 2011 because of the worry that these import facilities were abused by commercial importers.

Subsequently, APTMA and

Relevant

The authorities said that ending the tax exemption mechanism of import machine business tax will affect the liquidity of investors and will not bring any benefits to the State Treasury revenues.

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Identification

After President APTMA's view, the chairman of the Federal Tax Commission (FBR) instructed the relevant departments to resume the import tax exemption mechanism for textile machinery.

Johar A Uzi Ejaz, chairman of the Pakistan Textile Mills Association (APTMA), said she welcomes the decision of the Ministry of Finance and the Federal Tax Commission (FBR) to restore the tax exemption mechanism for textile machinery imports. (Gohar)

President APTMA hopes that this will help textile.

department

Attracting new investment.