Category: Taxation

Pakistan Revenue delivers the latest taxation news, covering income tax, sales tax, and customs duty. Stay updated with insights on tax policies, regulations, and financial developments in Pakistan.

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).
(more…)

January 25, 2019
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.
(more…)

January 25, 2019
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.
(more…)

January 24, 2019
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.
(more…)

January 24, 2019
Finance Supplementary Bill: Major changes introduced to income tax

Finance Supplementary Bill: Major changes introduced to income tax have been announced by the Federal Board of Revenue (FBR).
(more…)

January 24, 2019
Finance Supplementary Bill: FBR issues salient features of sales tax and federal excise duty

Finance Supplementary Bill: Federal Board of Revenue (FBR) has issued salient features of sales tax and federal excise duty proposed through Finance Supplementary (Second Amendment) Bill, 2019.
(more…)

January 24, 2019
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.
(more…)

January 24, 2019
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.
(more…)

January 24, 2019
Only non-filers to pay withholding tax on cash, non-cash banking transactions

Pakistan has decided that only non-filers of income tax returns will pay withholding tax on cash and non-cash banking transactions.
(more…)

January 24, 2019
New withholding tax card for imported mobile phones proposed

New withholding tax card has been prompted for imported mobile phones with the aim to standardize tax obligations by importers.
(more…)

January 24, 2019