Pakistan Textile Industry Says It Can'T Afford To Pay 3% Fabric Consumption Tax.

< p > Pakistan federal tax bureau (FBR) has recently taken measures to import and supply all fabrics. Whether it is finished products or grey cloth, it has been charged a 3% consumption tax, which is severely criticized by Pakistan value-added a target= "_blank" href= "http://www.91se91.com/" > textile < /a > industry.

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< p > in a joint statement, the value added textile industry leader said that the entire textile industry chain, from yarn procurement to printing and dyeing and other exporters' activities, has been charged a 2% consumption tax. The Levy of a uniform tax on fabrics will further attack the industry which has long been in bad condition.

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< p > because of the arrears of consumption tax rebates and tariff rebates, the federal consumption tax (FED) and local tax rebates and local tax levy (DLTL) application arrears, leading to a serious liquidity crisis, exporters can not perform their contracts, unable to complete their export contracts, so the current spinning industry has been very sad.

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< p > the statement said that raising the consumption tax will further increase the liquidity crisis.

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< p > industry leaders said that although domestic fabrics may be subject to a 3% tax, the "a target=" _blank "href=" http://www.91se91.com/ "clothing" /a "finished fabric should be levied only 2% tax for export.

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< p > in addition, they emphasized that maintaining the zero tax rate of added value < a href= "http://www.91se91.com/news/index_s.asp" > textile export < /a >, imposing a 2% tax on the sales of finished fabrics sold by manufacturers and exporters, because the same tax is meaningless when the tax is retreated.

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