Pakistan Today

FBR imposes 5 percent GST on import of old and used clothes

The Federal Board of Revenue (FBR) has issued notification on imposition of a five percent General Sales Tax (GST) on import of old and used clothes. Media reports said a 17 percent GST had mistakenly been levied on import of old and used clothes in federal budget for the fiscal year 2013-14. On the other hand, a two percent tax was being charged on the import of old clothes prior to the announcement of this budget. FBR has rectified this error and issued a notification with respect to the imposition of a five percent sales tax.

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