No duty, taxes on imports for exports sector from Aug 14
July 11, 2021
ISLAMABAD: The government will exempt raw material and other imports intended for manufacturing of exportable goods from duty and taxes from next month under the new export facilitation scheme, the Federal Board of Revenue (FBR) said.
The FBR issued a draft of rules for the new export facilitation scheme 2021 and called for comments from industry, exporters and other stakeholders.
The government approved the new export facilitation scheme, which will be implemented from 14th August 2021 and will run parallel with existing schemes like manufacturing bond, DTRE [duty and tax remission for exports] and export- oriented schemes for two years,” the FBR said in a statement. “The existing old schemes shall be phased out in the next two years and will be fully replaced by the export facilitation scheme-2021. Draft rules can be accessed at the official website of FBR.”
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You are here: World Customs Organization Media Newsroom 2021 May Study Mission on Risk Management and Post-Clearance Audit between the General Administration of Customs of Mexico (AGA) and the Direction of Taxes and National Customs of Colombia (DIAN)
Sidebar Menu 21 May 2021
From 11 to 14 May 2021, as part of the SECO-WCO Global Trade Facilitation Programme (GTFP) and under the auspices of the WCO Mercator Programme, a Virtual Study Mission was held between the Mexican General Administration for Customs (AGA) and the Directorate of Taxes and National Customs of Colombia (DIAN).
The core objective of the mission was to provide technical assistance to the DIAN officers in charge of the strengthening of the risk management structure in Colombia, using Mexico’s experience on risk analysis and Post-Cleara
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The Ghana Revenue Authority (GRA) has rolled out a tax incentive scheme for taxpayers to help cushion businesses and people against the coronavirus disease (COVID-19) pandemic.
The scheme involves waiving the penalty and the accrued interest on tax arrears for both corporate and individual taxpayers as a motivation for them to regularise their tax obligations during the crisis period.
The package from the authority took effect from April this year and allowed people and institutions that had either not registered with the GRA or breached the tax payment and the filing of returns schedules to apply to the authority for waivers.
Customs driver jailed for selling official car Toyota Land Cruiser for 20k modernghana.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from modernghana.com Daily Mail and Mail on Sunday newspapers.
FBR Raises Customs of MG Vehicles by 14.5 Percent
In a significant development, the Federal Board of Revenue (FBR) has reportedly bumped up the assessable customs value of the MG SUVs by 14.5 percent over the weekend by means of a ‘Fall Back Method’ as provided under Section 25(9) of the Customs Act, 1969. After the hike, the customs value of the vehicles has gone from $11,632 per unit to $13,314 per unit.
Pakistan’s JW SEZ (Pvt.) Ltd. has reportedly become the subject of an audit once again because of the alleged under-invoicing of the imported units of the MG HS that were supplied to the Pakistan auto-company by SAIC Motor of China. As per the findings of the initial audit process, the maximum unit prices of the MG CBU vehicles were reportedly around $22,000.