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PBC Calls for Increased Export Refund Limits

  • PBC urges FBR to increase refund processing limits for exporters.
  • PBC referenced earlier correspondence dated November 11, 2024.
  • PBC commended FBR for extending FASTER-based sales tax refund system to all exporters.
  • PBC expressed concerns regarding disparity in refund limits.
  • PBC requested a uniform increase in refund processing limit to 12% for all exporters.
  • FBR implemented a reduction in refund processing limit for exporters outside the zero-rated sectors to 3%.
  • PBC believes that the reduction has intensified challenges faced by exporters.
  • PBC stressed that limitations could hinder the competitive edge of Pakistani exporters.
  • PBC formally requested FBR to reconsider and revise existing restrictions.
  • PBC called for restoring parity by raising the FASTER-based refund processing limit to 12% for all exporters.
  • PBC believes that aligning the refund limits will foster fairness and support the growth of Pakistan’s export sector.

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.

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