FBR to grant tax exemptions to former FATA region
Business
IMF desired to end such exemptions
ISLAMABAD (Dunya News) - The federal government prepared proposals to grant tax exemptions to the former FATA region, despite the International Monetary Fund (IMF) desired to end such exemptions.
According to sources, the Federal Board of Revenue (FBR) is considering this proposal in the upcoming federal budget. The proposal includes exemptions from income tax, sales tax, and Federal Excise Duty (FED) for businesses operating in the FATA.
More to read: Pakistan trade deficit to increase by over $4.16bn in 2024-25: IMF
Sources said that these tax exemptions are being considered due to the region's ongoing economic challenges. It is to be recalled that the previous tax exemption for the former FATA expired at the end of 2023.
Also, there is a proposal to establish a check post on the border of the former FATA to ensure that goods are not brought in parts to circumvent the exemptions.
