FBR to enhance cooperation with the US on finance, revenue

FBR issues draft of rules for new export facilitation scheme 2021


Islamabad: The Federal Revenue Service has released the draft rules for the new export facilitation plan for 2021, and has sought the opinions of the industry, exporters and other stakeholders.

According to a FBR statement, the new export facilitation plan has been approved by the federal government and passed by Parliament in accordance with the 2021 Finance Act.

The plan will be implemented from the 14th of next month, and will run for two years in parallel with existing plans such as manufacturing bonds, exporter tariff and tax relief, and export-oriented plans.

The existing old plan will be phased out in the next two years and will be completely replaced by the 2021 export facilitation plan.

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