FBR revises negative list for several items in export sectors
FBR revises negative list for several items in export sectors
In a significant policy shift, the Federal Board of Revenue (FBR) has revised Sales Tax General Order (STGO) Number 9 of 2023, bringing relief to key export sectors in Pakistan. The amendments involve the removal of several items from the negative list, allowing manufacturers in major export industries such as textile, leather, carpets, surgical, and sports to claim input tax adjustments on various industrial inputs.
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Originally, the negative list in STGO 9 comprised 714 items for which input tax adjustment was not permissible for these export-oriented sectors. The latest decision by the FBR reflects a proactive approach to support and enhance the com...