FBR has noted concerns expressed by traders, stakeholders and trade bodies about the proposed procedure regarding non-collection of federal taxes on goods imported for exclusive consumption in GB. The FBR clarified that a comprehensive and robust mechanism has been put in place to ensure that these duty-free items are not misused and do not adversely affect the interests of traders and businesses in the rest of Pakistan, it said in a statement issued on Tuesday. GB enjoys a special status and certain federal tax laws, including the Sales Tax Act, 1990, the Income Tax Ordinance, 2001 and the Federal Excise Act, 2005, have not been extended to the territory.
FBR reviews GB tax exemption
