Text of Benami Transactions (Prohibition) Rules, 2019

KARACHI: The Federal Board of Revenue (FBR) has launched campaign to aware people about benami laws and harsh penalties under this law. Besides, the people are also informed about rewards to whistle... Read more »

FBR plans prizes to encourage public take invoices from restaurants, hotels

ISLAMABAD: Federal Board of Revenue (FBR) is planning to introduce prize scheme through draw against invoices of restaurants submitted by customers. Read more »

Sales Tax Act 1990: three years imprisonment for persons fail to get registration

KARACHI: Persons making taxable supplies but failed to get registration with tax department then such persons are liable to three years imprisonment, which may be extendable. Read more »

FBR identifies retailers taking undue benefits of present registration requirement

KARACHI: Federal Board of Revenue (FBR) has identified that large number of retailers are suppressing electricity consumption to avoid mandatory registration. Read more »

Sales Tax Act 1990: FBR may appoint special panels for audit

KARACHI: Federal Board of Revenue (FBR) has been empowered under sales tax law to appoint special audit panels for conducting audit of any registered person. Read more »

Sales Tax Act 1990: return filing requirement by registered persons

KARACHI: A sales tax registered person is required to file true and correct sales tax return on monthly basis by providing details of supplies and persons whom the supplies were made during... Read more »

FBR imposes ban on tax officials’ leaves

ISLAMABAD: Federal Board of Revenue (FBR) has imposed ban on its officials for availing any kind of leave, including ex-Pakistan. Read more »

Sales Tax Act 1990: tax officials authorized to access record

KARACHI: The sales tax law has authorized tax officials to access record maintain by registered persons for the purpose of investigation and audit. Read more »

Sales Tax Act 1990: six years record required to be maintained

KARACHI: A person, who is undertaking activities of taxable supplies, is required to maintain record and documents of past six years. Read more »

FBR amends requirement of cash withdrawal information by banks

ISLAMABAD: Federal Board of Revenue (FBR) on Wednesday issued new instructions to banks regarding providing details of cash withdrawal by filers and non-filers. Read more »

Sales Tax Act 1990: requirement of issuing tax invoice

KARACHI: A person making taxable supplies is required to issue serially numbered tax invoice at the time of making supply of goods. Read more »

Sales tax auditors form association against FBR’s unfair treatment

KARACHI: The officers of Sales Tax have formed an association to voice against biased treatment of Federal Board of Revenue (FBR). Read more »