The FBR has taken note of the concerns expressed by traders, stakeholders and trade bodies regarding the proposed procedure regarding non-imposition of federal taxes on goods imported for exclusive consumption in Great Britain. The FBR clarified that a comprehensive and robust mechanism has been put in place to ensure that these tax-exempt goods are not misused and do not harm the interests of traders and business community in the rest of Pakistan, said a statement issued on Tuesday. Britain enjoys special status and some 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 examines UK tax exemption
