Export Processing Zone Act News Today

The Finance (Supplementary) Bill 2021 or the mini-budget is about to create a legal conundrum for the federal government as for the first time goods being produced at the Export Processing Zone (EPZ) would also be taxed. Taxing such goods goes against the Export Processing Zone Act 1980, exporters have said. The supplementary finance bill proposes a 17% GST on machinery, equipment and raw materials imported to Pakistan to manufacture products at the EPZ. The tax is unlawful because all the produ...