The FBR has taken note of concerns expressed by traders, stakeholders, and trade bodies about the proposed procedure regarding non-levy of federal taxes on goods imported for exclusive consumption in G-B.
The FBR clarified that a comprehensive and robust mechanism has been put in place to ensure that these tax-exempted goods are not misused and do not adversely affect the interests of traders and the business community in the rest of Pakistan, said a release issued on Tuesday.
G-B enjoys a special status, and certain federal tax laws including the Sales Tax Act, 1990, Income Tax Ordinance, 2001 and Federal Excise Act, 2005 have not been extended to the territory.
