April 25, 2024

Pkrevenue.com

Pakistan Revenue

Day: May 31, 2020

FBR records 31 percent decline in May collection
May 31
Taxation

FBR records 31 percent decline in May collection

ISLAMABAD: Federal Board of Revenue (FBR) has recorded 31 percent decline in revenue collection during May 2020 owing to halt in economic activities after lockdown imposition. According to provisional figures released by the FBR on Sunday, the tax authorities collected Rs227 billion in May 2020 as compared with Rs330.1 billion collected in the same month […]

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Shopkeepers to implement ‘no mask, no service’; NCOC discusses easing lockdown
May 31
National

Shopkeepers to implement ‘no mask, no service’; NCOC discusses easing lockdown

ISLAMABAD: Market associations to be engaged for implementation of COVID-19 guidelines and Standard Operating Procedures (SOPs) for prevention the spread of coronavirus. This was discussed at a meeting of National Command and Operation Centre (NCOC) held on chaired by Minister for Planning, Development and Special Initiatives Asad Umer. Umer said that the shopkeepers should strictly […]

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Garments exporters demand sales tax zero rating revival
May 31
Budget 2020-2021, Trade & Industry

Garments exporters demand sales tax zero rating revival

LAHORE: The Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) has demanded the tax authorities to reintroduce zero-rated sales tax regime. In its proposals for budget 2020/2021 submitted to Federal Board of Revenue (FBR), the PRGMEA demanded restoration of zero-rated regime of ‘no payment and no refund of sales tax’ for export-oriented sectors including textile […]

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