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 […]

by Mrs. Anjum Shahnawaz

FBR to issue procedure to document non-duty paid fast moving consumer goods

Dec 7

Taxation

FBR to issue procedure to document non-duty paid fast moving consumer goods

ISLAMABAD: Federal Board of Revenue (FBR) will issue procedure for documenting smuggled and non-duty paid fast moving consumer goods (FMCG). In a tweet message on Saturday, FBR Chairman Syed Shabbar Zaidi said that the FBR was working in developing a ‘expeditious settlement’ of ‘non duty paid’ fast moving consumer goods available in the market. He […]

by Mrs. Anjum Shahnawaz