All Pakistan Textile Processing Mills Association (APTPMA) has demanded that textile exporters fall beneath last tax regime u/s 143(b) and must be exempted from fee of WHT and be given exemption certificates.

Commenting over price range proposals 1920-21, APTPMA Chairman Muhammad Pervaiz Lala stated exemption would yield profit for export boosting and likewise decrease workload on FBR who have been busy in a futile train. They can even be getting extra time to concentrate on broadening of tax base which was dire want of the time, he added.

Pervaiz Lala talked about that that exemption would additionally assist textile exporters in utilizing the money liquidity for enhancement of the exports of nation.

He demanded that CNIC situation for home market must be abolished, and everlasting answer of that vital downside should be adopted in forthcoming price range enabling Exporters and Manufacturing Processing Units to run enterprise actions easily. “Inspite of all clarification issued by the FBR and its coverage we’ve witnessed that the issue remains to be there because the merchants/consumers are nonetheless not able to register themselves and till and until they don’t get them register or they don’t seem to be keen to furnish the CNIC the manufactures will likely be in issues as we’re registered and we’ve all the time been abiding by the legal guidelines and regulation of the nation,” he added.

Chairman, APTPMA demanded that Withholding Tax must be lowered from one % to zero.50 %, whereas Turnover Tax 1.5 % must be lowered to zero.5 %.

Copyright Business Recorder, 2020