Govt mulls scrapping export tax in budget

Get the latest news and updates from Dawn

• 1pc advance tax removal may bring a meagre Rs100bn relief

• Textile sector pushes for broader reforms, refunds, and lower energy costs

• 68pc tax burden eroding competitiveness; industry demands restoration of Final Tax Regime

SLAMABAD: The government is considering abolishing the one per cent advance tax on exporters in the upcoming federal budget, a move that could provide relief of around Rs100 billion.