PAKISTAN HOSIERY MANUFACTURERS & EXPORTERS ASSOCIATION
PHMA House, 37-H, Block-6, P.E.C.H.S, Karachi. Tel: 0092-21-34522769,
34522685, 34544765
Fax: 0092-21-34543774, E-mail: info@phmaonline.com
Ref. No. PHMA/Cir-028/2021
Dated:27th July , 2021
To: All Members of the Association (Southern Zone &
Northern Zone)
RULES FOR COMPUTATION OF PROFIT AND GAINS FOR SMALL
AND MEDIUM ENTERPRISES -
SPECIAL TAX REGIME AND REDUCE TAX RATE FOR SME
EXPORTERS
In
Federal Budget 2021-22 through Finance Bill 2021, the Government has introduced
Special Tax Regime for SMEs of General Sector whereby rate of tax for Category
I – 0.25% turnover upto Rs100 million and for Category II –
0.50% for
turnover not exceeding Rs250 million. However, SMEs of Export
Sector was not covered under this special tax regime.
With
the best efforts and on the demand of the Association, the Government through
Finance Act 2021 has included the SMEs of Export Sector in the special tax
regime and reduce tax rate to 0.25% for turnover upto Rs100 million and 0.50%
for turnover not exceeding Rs250 million.
Relevant
Pages of Finance Act, 2021 are enclosed herewith for information and record.
Best Regards,
Muhammad Jawed Bilwani
Chief Coordinator
Download Attachment