Saturday, May 22, 2010

Is VAT contrary to Strategic Trade Policy Framework 2009?

Is VAT contrary to Strategic Trade Policy Framework 2009?

The gist of Strategic Trade Policy for Pakistan is to promote exports through industrial modernization, diversification of exports and creating new markets abroad for
Pakistani exportables. Since VAT grants expeditious input tax adjustments on the
acquisition of capital goods and ensures rapid payments of refunds on exports, rendering exports competitive in the international market the proposed VAT system in Pakistan will infact facilitate the actualization of the Strategic Trade Policy Framework 2009.

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