The sales tax rate of semi-finished leather products in Pakistan is lowered to 2%

by:JIYALI     2021-08-10
The Federal Revenue Commission of Pakistan (FBR) recently announced that it will lower the sales tax rate of semi-finished leather and textile products in Pakistan to 2% and the sales tax rate of finished products to 5%. This adjustment can be traced back to June 13, 2013. Earlier, in the 2013-14 fiscal year government budget, leather and textile products were subject to a sales tax of 17%. FBR also stated that the sales tax rate for leather and textile intermediate products or raw material products outside the five major free zones in Pakistan (a gathering point for export enterprises) is 17%.
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