FBR Imposes Sales Tax on Bulk Goods Sold Under Brand Names and Trademarks
Islamabad, July 21, 2023 – The Federal Board of Revenue (FBR) has taken the decision to apply sales tax on goods supplied under brand names and trademarks.
Islamabad, July 21, 2023 – The Federal Board of Revenue (FBR) has taken the decision to apply sales tax on goods supplied under brand names and trademarks.
Islamabad, July 20, 2023 – The Country Director of the World Bank, Najy Benhassine, and the Chairman of the Federal Board of Revenue (FBR), Asim Ahmad, held a meeting at the FBR Headquarters to evaluate the progress of the Pakistan Raises Revenue (PRR) Program during the last financial year.
Karachi, July 19, 2023 – The Federal Board of Revenue (FBR) in Pakistan is mandated to share data on the total number of large taxpayers in the country with the International Monetary Fund (IMF).
Islamabad, July 18, 2023 – Pakistan has imposed conditional duties and taxes on the import of motor vehicles by foreign diplomats. The Federal Board of Revenue (FBR) issued SRO 923(I)/2023 on Tuesday, notifying changes to the regime governing the import of motor vehicles by diplomats.
ISLAMABAD: The Federal Board of Revenue (FBR) has unveiled a new indemnity bond for exporters, allowing them to sell or transfer plant machinery, equipment, and apparatus from one Export Facilitation Scheme (EFS) user to another.
Karachi, July 18, 2023 – The concept of sales tax has been formally defined under the prevailing tax laws in Pakistan, aiming to bring clarity and precision to the imposition of consumption tax.
Karachi, July 18, 2023 – The Sales Tax Law in Pakistan has unveiled a clear definition of the retail price, bringing much-needed clarity for businesses and consumers.
Karachi, July 17, 2023 – The Sales Tax Act in Pakistan has recently provided a clear definition for the term “cottage industry.” The Federal Board of Revenue (FBR) has issued an updated version of the Sales Tax Act, 1990, effective from July 1, 2023.
Islamabad, July 17, 2023 – The Pakistan Active Taxpayers List (ATL) has experienced a substantial growth, reaching a record high of 4.15 million individuals, after the introduction of cash withdrawal conditions on July 1, 2023. The Federal Board of Revenue (FBR) recently released an updated ATL for the tax year 2022, based on returns filed […]
Karachi, July 17, 2023 – The Federal Board of Revenue (FBR) has announced an open invitation for applications for the appointment of advocates, aiming to assemble a smart and proficient legal team to support its tax department.