- Pakistani government introduces sales tax exemption on gold import under entrustment scheme through Finance Act, 2024
- A.F. Ferguson & Co. Chartered Accountants comments on new exemptions introduced under sales tax laws
- Exemptions include supply of electricity to Azad Jammu and Kashmir, import of gold under entrustment scheme, import of specific medicines, and bovine semen
- Finance Act modifies proposal regarding exemption of sales tax on supply of milk, expanding scope to include milk from corporate dairy farms
- Exemptions proposed for supply and import of iron and steel scrap restricted to exclude manufacturer-cum-exporters of recycled copper authorized under Export Facilitation Scheme, 2021
- Government’s strategic approach to tax policy aims to stimulate economic activity, reduce costs, and promote exports, with sales tax exemption on gold import expected to benefit jewelry industry and contribute to economic growth.
Source: pkrevenue.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
