FBR proposes massive increase in valuations of Lahore immovable properties

ISLAMABAD: Federal Board of Revenue (FBR) has proposed massive increase in valuations of immovable properties in Lahore to be effective from July 01, 2019. The FBR about two days back issued valuation tables of immovable properties in 18 cities of Pakistan. The FBR invited comments and suggestions on the proposal from the stakeholders before implementing […]

by Mrs. Anjum Shahnawaz

Sindh adds 13 new services to provincial sales tax

Jun 23

Taxation

Sindh adds 13 new services to provincial sales tax

KARACHI: The Sindh government has included 13 new services for the collection of sales tax from July 01, 2019. According to PwC A F Ferguson Chartered Accountants following services are proposed to trigger Sindh Sales Tax (SST) effective July 1, 2019: 1. Renting of machinery, equipment, appliances and other tangible goods. 2. Indoor sports and […]

by Mrs. Anjum Shahnawaz

Withholding agents to be liable to pay tax on failure to deduct Sindh sales tax

Jun 23

Taxation

Withholding agents to be liable to pay tax on failure to deduct Sindh sales tax

KARACHI: The Sindh government has proposed legislation to make withholding agents responsible to pay tax on which he fails to deduct or fails to deposit deducted amount to provincial kitty. The Sindh Finance Bill 2019 proposed that the withholding agent is personally liable if he either fails to deduct tax or having deducted tax fails […]

by Mrs. Anjum Shahnawaz

Sindh tax on online taxi service creates anomaly

Jun 23

Taxation

Sindh tax on online taxi service creates anomaly

KARACHI: The levy on online taxi services introduced by Sindh government has created an anomaly as those taxi services not connected to ‘cab aggregator’ will remain outside the ambit of this tax, tax experts said. The Sindh Finance Bill 2019 has proposed to tax services of the “Cab Aggregator” including the services provided or rendered […]

by Mrs. Anjum Shahnawaz