One percent further tax imposed on zero-rated supplies

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ISLAMABAD: The government imposed one percent further sales tax on five export oriented sector, which will be implemented from July 01, 2017.
Finance Minister Senator Mohammad Ishaq Dar in his windup budget speech 2017/2018 in the parliament stated that on the recommendations of All Pakistan Textile Mills Association (APTMA) and Federation of Pakistan Chambers of Commerce and Industry (FPCCI) the rate of further tax has been reduced to one percent from two percent.
Through the Finance Bill 2017 zero-rated supplies were proposed to be charged with further tax of two percent on supplies to persons other than the registered percent.

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