Sales Tax Act 1990: three years imprisonment for persons fail to get registration

KARACHI: Persons making taxable supplies but failed to get registration with tax department then such persons are liable to three years imprisonment, which may be extendable. Read more »

SBP to expedite payment license issuance to FinTech companies

KARACHI: State Bank of Pakistan (SBP) will expedite issuance of payment licenses to FinTech companies in order to accelerate financial inclusion program. Read more »

FBR identifies retailers taking undue benefits of present registration requirement

KARACHI: Federal Board of Revenue (FBR) has identified that large number of retailers are suppressing electricity consumption to avoid mandatory registration. Read more »