In a move to enhance flexibility and adaptability within the tax framework, Section 71 of the Sales Tax Act, 1990, grants authority to the Federal Board of Revenue (FBR) to prescribe special procedures for the payment and submission of documents.
(more…)Author: Hamza Shahnawaz
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Computation of limitation period
ISLAMABAD – A recent amendment to the Sales Tax Act, 1990, introduced through the Finance Act, 2021, sheds light on the computation of the limitation period for appeals or applications.
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Today’s currency exchange rates in PKR – Jan 05, 2022
KARACHI: Following are the open market exchange rates of foreign currencies in Pak Rupee (PKR) in Pakistan on January 05, 2022 (The rates are updated at 12:23 PM Pakistan Standard Time):
Currency Buying Selling Australian Dollar (AUD) 125.00 126.50 Bahrain Dinar (BHD) 386.85 388.60 Canadian Dollar (CAD) 136.50 138.00 China Yuan (CNY) 23.50 23.90 Danish Krone (DNK) 23.50 23.80 Euro (EUR) 197.50 199.50 Hong Kong Dollar (HKD) 16.85 17.10 Indian Rupee (INR) 2.03 2.10 Japanese Yen (JPY) 1.41 1.44 Kuwaiti Dinar (KWD) 481.80 484.30 Malaysian Ringgit (MYR) 36.50 36.85 NewZealand $ (NZD) 96.55 97.25 Norwegians Krone (NOK) 17.50 17.75 Omani Riyal (OMR) 392.75 394.78 Qatari Riyal (QAR) 39.90 40.50 Saudi Riyal (SAR) 46.50 46.90 Singapore Dollar (SGD) 128.50 129.80 Swedish Korona (SEK) 18.60 18.85 Swiss Franc (CHF) 160.10 161.00 Thai Bhat (THB) 4.80 4.90 U.A.E Dirham (AED) 49.70 50.20 UK Pound Sterling (GBP) 236.00 238.50 US Dollar (USD) 177.60 179.50 Disclaimer: Team PKRevenue.com provides the available rates of the open market, which are subject to change every hour. Team PKRevenue.com provides the available exchange rates at the time of posting the story. So the team is not responsible for any inaccuracy of the data.
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Exchange rates: PKR to USD on January 05, 2022
KARACHI: Following are the rates of buying and selling of one US dollar (USD) in Pakistani Rupee (PKR) in the open market on January 05, 2022:
Buying: Rs 177.60 to the US Dollar
Selling: Rs 179.50 to the US Dollar
The buying rate means an exchange company or a bank buys foreign currency from a customer.
The selling rate means an exchange company or a bank sells the foreign currency from a customer.
The rate has been updated at 12:18 PM Pakistan Standard Time (PST).
The US Dollar /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.
Disclaimer: Team PKRevenue.com provides the available rates of the open market, which are subject to change every hour. Team PKRevenue.com provides the available exchange rates at the time of posting the story. So the team is not responsible for any inaccuracy of the data.
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Exchange rates: PKR to AED on January 05, 2022
KARACHI: Following are the rates of buying and selling of one UAE Dirham (AED) in Pakistani Rupee (PKR) in the open market on January 05, 2022:
Buying: Rs 49.70 to the UAE Dirham
Selling: Rs 50.20 to the UAE Dirham
The buying rate means an exchange company or a bank buys foreign currency from a customer.
The selling rate means an exchange company or a bank sells the foreign currency from a customer.
The rate has been updated at 12:12 PM Pakistan Standard Time (PST).
The UAE Dirham /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.
Disclaimer: Team PKRevenue.com provides the available rates of the open market, which are subject to change every hour. Team PKRevenue.com provides the available exchange rates at the time of posting the story. So the team is not responsible for any inaccuracy of the data.
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Exchange rates: PKR to GBP on January 05, 2022
KARACHI: Following are the rates of buying and selling of one UK Pound Sterling (GBP) in Pakistani Rupee (PKR) in the open market on January 05, 2022:
Buying: Rs 236.00 to the UK Pound Sterling
Selling: Rs 238.50 to the UK Pound Sterling
The buying rate means an exchange company or a bank buys foreign currency from a customer.
The selling rate means an exchange company or a bank sells the foreign currency from a customer.
The rate has been updated at 12:05 PM Pakistan Standard Time (PST).
The UK Pound Sterling /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.
Disclaimer: Team PKRevenue.com provides the available rates of the open market, which are subject to change every hour. Team PKRevenue.com provides the available exchange rates at the time of posting the story. So the team is not responsible for any inaccuracy of the data.
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Exchange rates: PKR to EUR on January 05, 2022
KARACHI: Following are the rates of buying and selling of one Euro (EUR) in Pakistani Rupee (PKR) in the open market on January 05, 2022:
Buying: Rs 197.50 to the Euro
Selling: Rs 199.50 to the Euro
The buying rate means an exchange company or a bank buys foreign currency from a customer.
The selling rate means an exchange company or a bank sells for foreign currency from a customer.
The rate has been updated at 12:01 PM Pakistan Standard Time (PST).
The Euro /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.
Disclaimer: Team PKRevenue.com provides the available rates of the open market, which are subject to change every hour. Team PKRevenue.com provides the available exchange rates at the time of posting the story. So the team is not responsible for any inaccuracy of the data.
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Exchange rates: PKR to SAR on January 05, 2022
KARACHI: Following are the rates of buying and selling of one Saudi Riyal (SAR) in Pakistani Rupee (PKR) in the open market on January 05, 2022:
Buying: Rs 46.50 to the Saudi Riyal
Selling: Rs 46.90 to the Saudi Riyal
The buying rate means an exchange company or a bank buys foreign currency from a customer.
The selling rate means an exchange company or a bank sells for foreign currency from a customer.
The rate has been updated at 11:56 AM Pakistan Standard Time (PST).
The Saudi Riyal /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.
Disclaimer: Team PKRevenue.com provides the available rates of the open market, which are subject to change every hour. Team PKRevenue.com provides the available exchange rates at the time of posting the story. So the team is not responsible for any inaccuracy of the data.
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Taxpayers can obtain duplicate sales tax documents
In a move aimed at providing convenience to taxpayers, the Federal Board of Revenue (FBR) has announced that individuals can now obtain duplicate documents of their sales tax affairs.
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Liability of the registered person for the acts of his agent
Section 68 of the Sales Tax Act, 1990, delves into the legal framework surrounding the liability of a registered person for the actions undertaken by their appointed agent.
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