Feb
14
Definitions
Fast moving consumer goods explained
Income Tax Ordinance, 2001 has explained the meaning of ‘fast moving consumer goods’ for calculation and imposition of income tax. The Income Tax Ordinance, 2001 updated up to June 30, 2020 issued by the Federal Board of Revenue (FBR) explained it as: “Fast moving consumer goods” means consumer goods which are supplied in retail marketing […]