Page 67 - February-March-2020

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Exhibition
April 10-12, 2019
Venue: SWEECC, Shanghai,
Texworld Paris China.
The International fair for Fashion!
February 10-13, 2020
Venue: Le Bourget Exhibition
Centre, Paris, France.

ITM 2020
IGATEX Pakistan International Textile Machinery
The 13th International Garment, exhibition
Textile Machinery exhibition June 02-06, 2020
March 11-14, 2020 Venue: TÜYAP Center, Istanbul,
Venue: Expo Centre Lahore, Turkey.
Pakistan.
R

DPS-World
DOMOTEX asia/CHINAFLOOR The premier exhibition for digital
The second largest flooring trade printing and signage industry
exhibition worldwide September 03-05, 2020
March 24-26, 2020 Venue: Expo Centre Lahore, AD
Pakistan.
Venue: New International
APTMA requests withdrawal
Exhibition Centre (SNIEC)
Shanghai, China.
of 4pc withholding tax

As per APTMA letter addressed to the Chairman withholding tax on entire textile value chain will surely
Inspiring Change Conference
FESPA Global Print Expo
An international conference on
FBR, 4pc withholding tax imposed on the entire hasten to the closure of these factories resulting in
textiles-Innovations and
Leading trade fair for screen,
textile value chain is creating more difficulties for the massive de-industrialization loss of revenue to FBR
industry ultimately leading to its closure. digital and textile printing sustainable solutions
and unemployment of over a million people.’’
March 24-27, 2020 September 18-19, 2020
Venue: Lahore, Pakistan.
Venue: Madrid, Spain.
Mr Shahid Sattar, Advisor to APTMA said, “Yes, we The letter stated, quoting an example while looking at
have agitated the issue in the letter written to FBR the cotton purchase from the ginners, a 4pc
chairman mentioning that in repeated meetings both deduction from the ginners invoices will lead to
in and outside of FBR, in the presence of others it pressure on ginners to reduce the price they pay for
has been repeatedly stated that tax on domestic cotton procured from the farmer as their own tax
Index 2020
commerce was 1pc instead of 4pc as there is no liability in reality is only for ginning charges which
World’s leading non-woven
change in the income tax laws, rules and regulations. constitutes 35pc of the ginned cotton.
ITMA ASIA + CITME 2020
exhibition
March 31-April 03, 2020
However, last night to our utter surprise and International Textile Machinery
Venue: Geneva, Switzerland.
exhibition
disappointment a ‘clarification’ by FBR was issued This would lead to huge income tax refunds claims
October 15-19, 2020
stating that the withholding tax on the entire textile which have little chance if any of it being settled
Venue: NECC, Shanghai, China.
value chain would be 4pc.” within any reasonable time frame. This is more
onerous than GST as there is no allowance of setoff
He added, “With the imposition of 17pc sales tax, of withholding tax deducted on inputs.
increase in turn over tax to 1.5pc and other issues,
China Interdye The letter in the end asks FBR to end 4pc
bulk of the industry was already on the verge of withholding tax on entire tax value chain and instead
International Dye Industry,
shutdown due to non-profitability and extreme notify 1pc tax as was agreed in countless meetings
Pigments and Textile Chemicals
textalks.com/category/events.
liquidity crunch. The final blow of 4pc imposition of with Industry at all levels of government.
February/March 2020
July/August 2019