Govt seeks opinion from FBR and DRAP on 3% value added sales tax – Photo: File
Islamabad: The pharmaceutical industry has demanded exemption from the three percent value added sales tax levied on imports of manufactured drugs.
The caretaker government has sought the opinion of FBR and DRAP on exemption of minimum three per cent value added sales tax levied on import of manufactured drugs, pharmaceutical and biological products.
According to a document available to Express, the Pakistan Chemists and Druggists Association has written a letter to Caretaker Prime Minister Anwarul Haq Kakar stating that three percent value added sales tax is applicable on manufactured drugs at the import level.
A pricing regime for pharmaceutical and biological products is in force in Pakistan and prices of medicines cannot be fixed beyond the fixed price limit.
The three percent value added sales tax paid on imported pharmaceutical and biological products cannot be passed on to the consumers, due to which the entire burden has to be borne by the pharmaceutical industry. Be exempted.
(function(d, s, id){
var js, fjs = d.getElementsByTagName(s)[0];
if (d.getElementById(id)) {return;}
js = d.createElement(s); js.id = id;
js.src = “//connect.facebook.net/en_US/sdk.js#xfbml=1&version=v2.3&appId=770767426360150”;
fjs.parentNode.insertBefore(js, fjs);
}(document, ‘script’, ‘facebook-jssdk’));
(function(d, s, id) {
var js, fjs = d.getElementsByTagName(s)[0];
if (d.getElementById(id)) return;
js = d.createElement(s); js.id = id;
js.src = “//connect.facebook.net/en_GB/sdk.js#xfbml=1&version=v2.7”;
fjs.parentNode.insertBefore(js, fjs);
}(document, ‘script’, ‘facebook-jssdk’));