ISLAMABAD: Federal Board of Revenue (FBR) has been directed to examine chargeability of sales tax on computerized arms license in the form of cards.
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FBR, Pakistan’s national tax collecting agency, plays a crucial role in the country’s economy. Pakistan Revenue is committed to providing readers with the latest updates and developments regarding FBR activities.
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Collector given powers to sanction unlimited refund amount
In a significant development, the Federal Board of Revenue (FBR) has granted unprecedented powers to the collector of customs, allowing them to sanction an unlimited amount of refunds.
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FBR adds about 60,000 new return filers to weekly active taxpayers list
ISLAMABAD: Federal Board of Revenue (FBR) on Monday added about 60,000 new income tax return filers to weekly active taxpayers list (ATL).
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FBR nets 96 big retailers for POS integration
ISLAMABAD: Federal Board of Revenue (FBR) on Friday identified 96 big retailers for mandatory integration with Point of Sale (POS) system.
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Massive increase in prices of 1400CC+ cars likely after luxury sales tax
Experts estimated a massive hike in prices of cars with capacity of 1400CC and above after imposition of sales tax rate at 25 per cent.
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Complete PCT details of imported CBU motor vehicles for 25% sales tax
KARACHI: Federal Board of Revenue (FBR) issued Pakistan Customs Tariff (PCT) details of Completely Built Up (CBU) imported motor vehicles on which sales tax at 25 per cent is applicable.
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FBR issues list of luxury imported, local goods for imposing 25% sales tax
The Federal Board of Revenue (FBR) in Pakistan issued a comprehensive list on Wednesday, March 8, 2023, outlining the imposition of a 25% sales tax on both imported and locally produced luxury goods.
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Pakistan slaps 25% sales tax on import of mobile phones valuing above $500
In an effort to generate additional revenue and bridge fiscal gaps, Pakistan has imposed a 25% sales tax on the import of mobile phones valued above $500 per piece, according to official sources.
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FBR updates Sales Tax Act incorporating new rates of 18% and 25%
ISLAMABAD: Federal Board of Revenue (FBR) on Tuesday issued updated Sales Tax Act, 1990 incorporating new sales tax rates of 18 per cent and 25 per cent.
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FBR to make recovery from jewelers, real estate agents in money laundering cases
ISLAMABAD: Federal Board of Revenue (FBR) on Tuesday issued rules to make recovery from jewelers and real estate agents under money laundering cases.
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