{"id":52577,"date":"2019-06-06T10:10:40","date_gmt":"2019-06-06T05:10:40","guid":{"rendered":"https:\/\/www.zameen.com\/blog\/?p=52577"},"modified":"2019-06-03T18:08:49","modified_gmt":"2019-06-03T13:08:49","slug":"exporters-insist-zero-rating-incentive","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/exporters-insist-zero-rating-incentive.html","title":{"rendered":"Exporters insist on the zero-rating incentive"},"content":{"rendered":"<p>Islamabad: Pakistan\u2019s leading businessmen and industrialists have insisted on the zero-rating status to the manufacturers of products that are exported, a news source reported. The business community met with Prime Minister (PM) Imran Khan recently, where no final decision could be reached on this matter.<\/p>\n<p>Read:\u00a0<a href=\"https:\/\/www.zameen.com\/news\/fpcci-against-withdrawal-of-zero-rating-facility.html\" target=\"_blank\" rel=\"noopener noreferrer\">FPCCI against withdrawal of zero-rating facility<\/a><\/p>\n<p>An attendee of the meeting revealed that the meeting emphasised that sale of export products in the local market should be taxed. The meeting was briefed that the Federal Board of Revenue (FBR) believes that the export of such products should not be taxed but their sale in the local market should be.<\/p>\n<p>Meanwhile, the business community has been informed that they are liable to pay taxes on all their products, including those that are to be exported. However, they will be refunded if they provide transparent details of their products.<\/p>\n<p>Read:\u00a0<a href=\"https:\/\/www.zameen.com\/news\/pm-urges-business-community-participate-economic-development.html\" target=\"_blank\" rel=\"noopener noreferrer\">PM urges business community to participate in economic development<\/a><\/p>\n<p>The business community attending the meeting opined that FBR collected less taxes from the industries as compared to the refunds it paid during the incentive\u2019s discontinuation in 2009. They also gave suggestions to the PM regarding the upcoming federal budget 2019-20.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: Pakistan\u2019s leading businessmen and industrialists have insisted on the zero-rating status to the manufacturers of products that are exported, a news source reported. The business community met with Prime Minister (PM) Imran Khan recently, where no final decision could be reached on this matter. Read:\u00a0FPCCI against withdrawal of zero-rating facility An attendee of the meeting revealed that the meeting emphasised that sale of export products in the local market should be taxed. The meeting was briefed that the Federal Board of Revenue (FBR) believes that the export of such products should not be taxed but their sale in the local market should be. Meanwhile, the business community has been informed that they are liable to pay taxes on all their products, including those that are to be exported. However, they will be refunded if they provide transparent details of their products. Read:\u00a0PM urges business community to participate in economic development The business community attending the meeting opined that FBR collected less taxes from the industries as compared to the refunds it paid during the incentive\u2019s discontinuation in 2009. They also gave suggestions to the PM regarding the upcoming federal budget 2019-20.<\/p>\n","protected":false},"author":18,"featured_media":35023,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[11843],"persona":[],"class_list":{"0":"post-52577","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"tag-details-on-exporters-insist-on-the-zero-rating-incentive"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Exporters insist on the zero-rating incentive - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: Pakistan\u2019s leading businessmen and industrialists have insisted on the zero-rating status to the manufacturers of products that are exported, a\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/exporters-insist-zero-rating-incentive.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Exporters insist on the zero-rating incentive - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: Pakistan\u2019s leading businessmen and industrialists have insisted on the zero-rating status to the manufacturers of products that are exported, a\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/exporters-insist-zero-rating-incentive.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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