Pakistan Revenue
The launch of single sales tax return will help the authorities to prevent tax evasion and end the phenomenon of fake and flying invoices. The Federal Board of Revenue (FBR) said that the single sales tax return will facilitate the taxpayers. Besides it will promote ease of doing business and reduce compliance cost as well. […]
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KARACHI: Following are the open market exchange rates of foreign currencies in Pak Rupee (PKR) in Pakistan on January 06, 2022 (The rates are updated at 11:00 AM Pakistan Standard Time): Currency Buying Selling Australian Dollar (AUD) 125.50 127.00 Bahrain Dinar (BHD) 386.85 388.60 Canadian Dollar (CAD) 137.00 138.50 China Yuan (CNY) 23.50 23.90 Danish Krone (DNK) 23.50 23.80 Euro (EUR) 198.00 200.00 Hong […]
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The Federal Board of Revenue (FBR) has reported a remarkable surge in the annual collection of sales tax on imports, marking a growth of over 27% during the fiscal year 2020/2021.
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ISLAMABAD: Utility Stores Corporation (USC) and National Bank of Pakistan (NBP) on have completed integration to launch provision of subsidized items under Ehsaas Rashan Riayat Program. Senator Dr. Sania Nishtar, SAPM together with MD USC, Taha Aziz Magrabi visited a Utility Store in G-6 Islamabad to field test the integration of data and Point of […]
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ISLAMABAD: The Federal Board of Revenue (FBR) has identified 1,284 retailers for force them to integrate Point of Sale (POS) with the tax system.
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The sugar mill of Jahangir Khan Tareen – ruling party PTI’s leader and used to very close to Prime Minister Imran Khan – has declared a phenomenal increase of 248 per cent in annual profit for year ended September 30, 2021. Jahangir Khan Tarin is director of JDW Sugar Mills. JDW Sugar Mills Limited on […]
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Supernet Limited has secured a significant telecommunications infrastructure development project from a prominent Pakistani mobile network operator. Valued at over Rs150 million, the project encompasses the supply of optical fiber and associated equipment, alongside its deployment across various regions in Punjab, as announced by Supernet in a recent statement.
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ISLAMABAD: The Federal Board of Revenue (FBR) on Monday notified an increase in sales tax on all the petroleum products. The FBR issued SRO 01(I)/2022 to notify increase in sales tax rates on petroleum products. The FBR amended the rates of sales tax, which were issued previously through SRO 1604(I)/2021 on December 16, 2021. READ […]
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ISLAMABAD: The Federal Board of Revenue (FBR) has deferred the implementation of a digital mode of payment for another month i.e. January 31, 2022. The digital mode of payment has been made mandatory for the corporate sector, which was to be implemented from January 01, 2021. The FBR issued circular No. 11 of 2021-22 on Monday to […]
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ISLAMABAD: The annual collection of withholding tax from transactions of immovable properties has surged by 98 per cent to Rs61.06 billion during fiscal year 2020/2021. According to official statistics made available to PkRevenue.com, the collection from sales and purchase of immovable properties was Rs30.77 billion during fiscal year 2019/2020. Sources in the Federal Board of […]
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