The edible oil industry supports tax reform
The government should consider imposing 20-22% sales tax and 5% income tax on commercial importers to discourage them, said KK Group of Industries CEO Khalid Islam Sheikh. Photo: file KARACHI: Edible oil manufacturers have called for a reduction in crude palm oil (CPO) duty, repeal of Section 8B of the Sales Tax Act and enhanced taxes on commercial importers. The aim is to encourage farmers and others to stimulate industrial development in the country. They reported that over 3.2 million metric tons of palm oil are imported into the country. The edible oil sector procures raw materials from domestic and


