The new budget recommends zero-rating services sector exports

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The budget recommends zero-rating service sector exports from all provinces.

According to sources, the budget proposes to give tax incentives to exports of services.

Sources say that for zero rating, sales tax registration will be mandatory and monthly sales tax returns will have to be filed for exports of services.

Sources further say that foreign exchange or dollars will have to be transferred to Pakistan through banks or authorized dealers.

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