Changes to sales tax exemption have been proposed through Finance Supplementary (Second Amendment) Bill of 2019.
(more…)Category: Budget
This is parent category of budgets presented by Pakistan government. Here you will find year-wise federal and provincial budgets.
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FBR invites customs related budget proposals for 2019/2020
The Federal Board of Revenue (FBR) has invited customs related budget proposals for fiscal year 2019/2020.
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Rs6.8 billion revenue loss estimated on implementation of reform package: FBR
An amount of Rs6.8 billion as revenue loss has been estimated on implementation of reform package by the Federal Board of Revenue (FBR).
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FED rates revised for locally manufactured, imported vehicles
Federal Excise Duty (FED) rates have been revised for locally manufactured and imported vehicles through the Finance Supplementary (Second Amendment) Bill, 2019.
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Sales tax rates revised for imported mobile phones
Sales tax rates have been revised for imported mobile phones. The new tax rates will also apply on local supply as well as registration of IMEI.
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Sales tax refunds: 3-year promissory notes to bear 10 percent annual profit
Obtaining Sales tax refunds has been made easy as the government decided to issue 3-year promissory notes to bear 10 percent annual profit.
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Finance Supplementary Bill: FBR issues salient features of customs duty regime
The FBR released crucial details on Thursday regarding the transformative changes brought to the Customs duty regime through the Finance Supplementary (Second Amendment) Bill, 2019, which was presented on January 23, 2019. These modifications are poised to impact various sectors and streamline the country’s trade policies.
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Reduced income tax rate of Rs5,000 for marriage halls
Reduced income tax rate of Rs5,000 for marriage halls has been announced by the government in a move aimed at providing relief to individuals.
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