Pakistan’s Federal Board of Revenue (FBR) has agreed to slash sales tax on domestic sales of five zero-rated industries, including leather.

FBR chairman Salman Siddique will reduce sales tax on domestic sales of five zero-rated industries – textiles, leather, carpets, surgical instruments and sports goods to a uniform rate of 5%. In addition, the government may also cancel sales tax on the import of machinery, Mr Siddique said.

He further said that issues relating to tax levied at import and supply stages would also be reviewed.

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