News

VAT could push leather companies out of business

27/05/2010

The government of Pakistan is likely to apply a 15% rate of value added tax (VAT) on the leather industry in its federal budget for 2010-11 (July-June), which will be presented in parliament on June 05. The Pakistan Tanners Association (PTA) and the Lahore Hide Market Association issued a statement urging the government to keep leather out of...

To continue reading this story, please sign in or register.

Leatherbiz.com cannot be held responsible for content if the language setting is changed from English.

The translations provided by Google Translate are automated and therefore might not be accurate and may contain incorrect, offensive or misleading language. We offer this facility as a guide only.