Time and manner of sales tax payment for Tax Year 2024 have been explained by the Federal Board of Revenue (FBR) through updated Sales Tax Act, 1990.
(more…)Author: Shahnawaz Akhter
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Preventing Passing On of Excess Sales Tax to Consumers in Pakistan
Preventing Passing on of excess sales tax to consumers in Pakistan has been outlined through Section 3B of Sales Tax Act, 1990.
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SITE Karachi Industries Protest Soaring Gas Tariff, Fear Closure and Job Losses
Karachi, November 13, 2023 – The SITE Association of Industry (SAI) in Karachi has vehemently opposed the significant surge in gas tariffs, citing the adverse impact it is having on the industrial sector.
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Nutshell Group Hosts 7th Edition of Future Summit from November 15
Karachi, November 13, 2023 – In a celebration of innovation, collaboration, and forward-thinking, the Nutshell Group is set to host the 7th Edition of The Future Summit (TFS), one of Pakistan’s premier corporate events.
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FPCCI Estimates Up to Rs20 per Liter Decrease in Petroleum Prices in Pakistan
Karachi, November 13, 2023 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has projected that the country could witness a reduction of up to Rs 20 per liter in petroleum prices starting from November 16.
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Sales Tax Rates Unveiled for Tax Year 2024 in Pakistan
Karachi, November 13, 2023 – The Federal Board of Revenue (FBR) has announced the sales tax rates for the tax year 2024 through the updated Sales Tax Act, 1990, effective from July 1, 2023.
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FBR Explains Value of Supply for Sales Tax Levy During Tax Year 2024
The Federal Board of Revenue (FBR) has explained value of supply for sales tax levy during tax year 2024 to facilitate taxpayers in understanding the tax liability.
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FBR Defines Taxable Activity in Pakistan for Sales Tax Levy During Tax Year 2024
Karachi, November 12, 2023 – Federal Board of Revenue (FBR) has defined taxable activity in Pakistan for levy of sales tax during tax year 2024.
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Retail Price in Pakistan Explained Under Sales Tax Law for Tax Year 2024
Karachi, November 12, 2023 – Retail price in Pakistan has been explained under Sales Tax Act, 1990 by the Federal Board of Revenue (FBR) for Tax Year 2024.
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Input Tax and Output Tax under Sales Tax Act for Tax Year 2024
Input tax and output tax have been explained under Sales Tax Act, 1990 for Tax Year 2024 by the Federal Board of Revenue (FBR).
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