Motorcycles: Makers urge govt to cut import duty
MSPIDA urged the government to reduce import duty on motorcycle spare parts from existing 35% to 20%.
KARACHI:
All Pakistan Motorcycle Spare Parts Importers and Dealers Association (MSPIDA) Vice Chairman Khurram Riaz urged the government to reduce import duty on motorcycle spare parts from existing 35% to 20% in order to curb its smuggling. “At present, the importers of motorcycle spare parts were paying 100% taxes including 35% import duty, 15% additional duty, 1% FED and 19% sales tax,” he added, saying that the high tax rates offer an incentive for smugglers to boost their illicit trade, causing the government loss of revenue.
Published in The Express Tribune, February 14th, 2014.
All Pakistan Motorcycle Spare Parts Importers and Dealers Association (MSPIDA) Vice Chairman Khurram Riaz urged the government to reduce import duty on motorcycle spare parts from existing 35% to 20% in order to curb its smuggling. “At present, the importers of motorcycle spare parts were paying 100% taxes including 35% import duty, 15% additional duty, 1% FED and 19% sales tax,” he added, saying that the high tax rates offer an incentive for smugglers to boost their illicit trade, causing the government loss of revenue.
Published in The Express Tribune, February 14th, 2014.