Tag Archives: APTMA

Turnover tax should be made zero percent for textile sector

KARACHI: All Pakistan Textile Mills Association (APTMA) has recommended Federal Board of Revenue (FBR) to make turnover tax at zero percent for textile sector for better management of cash liquidity.

Textile millers suggest capping corporate tax rate at 25pc

KARACHI: Textile millers have urged Federal Board of Revenue (FBR) to bring down the corporate tax rate to 25 percent from existing 30 percent to align with best international practices.

Textile exporters demand exemption certificates for machinery import

KARACHI: Textile exporters have demanded Federal Board of Revenue (FBR) to allow exemption certificate for import of machinery by industrial undertaking.

FBR urged to extend credit facility to investment in factory building

KARACHI: Textile sector has urged Federal Board of Revenue (FBR) to extend tax credit to investment in factory building under Section 65E of Income Tax Ordinance, 2001 as it is presently restricted only to plant and machinery.

APTMA demands compensation for delayed refunds

KARACHI: All Pakistan Textile Mills Association (APTMA) has demanded compensation for delayed refunds from the date of deemed refund order.

FBR recommended to ensure no recovery without prior notice

KARACHI: Textile industry has recommended the Federal Board of Revenue (FBR) to ensure that no recovery through attachment of banks should be made without prior notice.

FBR advised to tax income not transactions

KARACHI: All Pakistan Textile Mills Association (APTMA) has advised Federal Board of Revenue (FBR) to focus on taxing income rather transactions.

Carry forward of minimum tax in loss cases should be allowed

KARACHI: Textile millers have urged Federal Board of Revenue (FBR) to allow carry forward of minimum tax in loss cases through an explanation to Income Tax Ordinance, 2001.

FBR urged streamlining sales tax refunds, timely input tax adjustment

KARACHI: All Pakistan Textile Mills Association (APTMA) has demanded the Federal Board of Revenue (FBR) to streamline refunds system and also ensure timely adjustment of inputs for textile sector to resolve liquidity issue of the textile sector.

Textile sector suggests rationalizing zero-rating on supply of energy products

KARACHI: All Pakistan Textile Mills Association (APTMA) has suggested rationalizing the sales tax zero-rate regime for supply of energy products such as coal, diesel and gas for textile units.