{"id":65116,"date":"2020-05-06T15:08:24","date_gmt":"2020-05-06T10:08:24","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=65116"},"modified":"2020-05-06T15:08:25","modified_gmt":"2020-05-06T10:08:25","slug":"textile-exporters-call-restoration-zero-rated-tax-regime","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/textile-exporters-call-restoration-zero-rated-tax-regime.html","title":{"rendered":"Textile exporters call for restoration of zero-rated tax regime"},"content":{"rendered":"\n<p>Karachi: Textile exporters recently requested the federal government to restore zero-rated sales tax regime for the five export-oriented sectors \u2014 textile, carpet, leather, sports and surgical goods \u2014 in the budget for 2020-21, a news source reported.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/zero-rating-facility-discontinued-export-oriented-sectors.html\" target=\"_blank\" rel=\"noreferrer noopener\">Zero-rating facility discontinued for export-oriented sectors<\/a><\/p>\n\n\n\n<p>As per the publication, the government had removed the zero-rated tax regime for these sectors in the budget for 2019-20. Instead a refundable 17% sales tax had been imposed. Considering the impact of the coronavirus situation, the sectors are petitioning for a zero-rated tax regime once again.&nbsp;<\/p>\n\n\n\n<p>In addition, the textile sector also called for exclusive treatment through the de-merger of textile from the Ministry of Commerce. They proposed that the sales tax on power and gas supply to their businesses should also be abolished. Additionally, the representatives of the sector called on the government to abolish taxes and duties on purchase of local raw material. \u00a0<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/pm-asked-to-intervene-against-the-discontinuation-of-zero-rated-tax-scheme.html\" target=\"_blank\" rel=\"noreferrer noopener\">PM asked to intervene against the discontinuation of zero-rated tax scheme<\/a><\/p>\n\n\n\n<p>The recommendations were submitted by the Pakistan Hosiery Manufacturers and Exporters Association (PHMA) to the Ministry of Finance.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Karachi: Textile exporters recently requested the federal government to restore zero-rated sales tax regime for the five export-oriented sectors \u2014 textile, carpet, leather, sports and surgical goods \u2014 in the budget for 2020-21, a news source reported. Read: Zero-rating facility discontinued for export-oriented sectors As per the publication, the government had removed the zero-rated tax regime for these sectors in the budget for 2019-20. Instead a refundable 17% sales tax had been imposed. Considering the impact of the coronavirus situation, the sectors are petitioning for a zero-rated tax regime once again.&nbsp; In addition, the textile sector also called for exclusive treatment through the de-merger of textile from the Ministry of Commerce. They proposed that the sales tax on power and gas supply to their businesses should also be abolished. Additionally, the representatives of the sector called on the government to abolish taxes and duties on purchase of local raw material. \u00a0 Read: PM asked to intervene against the discontinuation of zero-rated tax scheme The recommendations were submitted by the Pakistan Hosiery Manufacturers and Exporters Association (PHMA) to the Ministry of Finance.<\/p>\n","protected":false},"author":57,"featured_media":63188,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15015],"tags":[28243],"persona":[],"class_list":{"0":"post-65116","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-legal-taxation","8":"tag-textile-exporters-call-for-restoration-of-zero-rated-tax-regime","9":"cat-15015-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Textile exporters for restoration of zero-rated tax regime - Zameen News<\/title>\n<meta name=\"description\" content=\"Karachi: Textile exporters recently requested the federal government to restore zero-rated sales tax regime for the five export-oriented sectors \u2014 textile, carpet, leather, sports and surgical goods \u2014 in the budget for 2020-21, a news source reported.\" \/>\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\/textile-exporters-call-restoration-zero-rated-tax-regime.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Textile exporters for restoration of zero-rated tax regime - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Karachi: Textile exporters recently requested the federal government to restore zero-rated sales tax regime for the five export-oriented sectors \u2014 textile, carpet, leather, sports and surgical goods \u2014 in the budget for 2020-21, a news source reported.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/textile-exporters-call-restoration-zero-rated-tax-regime.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ZameenPK\" \/>\n<meta property=\"article:published_time\" content=\"2020-05-06T10:08:24+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-06T10:08:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/03\/GoP.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1170\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Muhammad Farhad\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:site\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Muhammad Farhad\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Textile exporters for restoration of zero-rated tax regime - Zameen News","description":"Karachi: Textile exporters recently requested the federal government to restore zero-rated sales tax regime for the five export-oriented sectors \u2014 textile, carpet, leather, sports and surgical goods \u2014 in the budget for 2020-21, a news source reported.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.zameen.com\/news\/textile-exporters-call-restoration-zero-rated-tax-regime.html","og_locale":"en_US","og_type":"article","og_title":"Textile exporters for restoration of zero-rated tax regime - Zameen News","og_description":"Karachi: Textile exporters recently requested the federal government to restore zero-rated sales tax regime for the five export-oriented sectors \u2014 textile, carpet, leather, sports and surgical goods \u2014 in the budget for 2020-21, a news source reported.","og_url":"https:\/\/www.zameen.com\/news\/textile-exporters-call-restoration-zero-rated-tax-regime.html","og_site_name":"Pakistan Real Estate News &amp; 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