In a strategic move to enhance the enforcement and intelligence capabilities within the tax framework, the Federal Board of Revenue (FBR) has introduced Section 30A in the Sales Tax Act, 1990.
Section 30 of Sales Tax Act, 1990 has explained appointment of Federal Board of Revenue (FBR) officers for exercising sales tax law. The Federal Board of Revenue (FBR) issued the Sales Tax Act, 1990 updated up to June 30, 2021. The Act incorporated amendments brought through Finance Act, 2021. Following is the text of section 30 of the Sales Tax Act, 1990: 30. […]
Sections 27, 28 and 29 of Sales Tax Act, 1990 has explained special returns and final returns. The Federal Board of Revenue (FBR) issued the Sales Tax Act, 1990 updated up to June 30, 2021. The Act incorporated amendments brought through Finance Act, 2021. Following is the text of sections 27, 28 and 29 of the […]
ISLAMABAD: Federal Board of Revenue (FBR) has warned the officials and officers of directory retirement in case they are found involved in exerting political pressure in service matters. The FBR through an official memorandum warned all the officials of Inland Revenue Service (IRS) and Pakistan Customs Service (PCS) of directory retirement for exerting political or […]
Filing the sales tax returns are mandatory for all registered persons under Section 26 of Sales Tax Act, 1990. The Federal Board of Revenue (FBR) issued the Sales Tax Act, 1990 updated up to June 30, 2021. The Act incorporated amendments brought through Finance Act, 2021. Following is the text of section 26 of Sales […]
The Federal Board of Revenue (FBR) has demonstrated its commitment to maintaining integrity and accountability within its ranks by dismissing a director of the Directorate of Internal Audit – South (Customs), Karachi.
The Federal Board of Revenue (FBR) took decisive steps on Friday, announcing the transfer and posting of Ch. Muhammad Tarique, a BS-21 officer of the Inland Revenue Service (IRS), as the Chief Commissioner Inland Revenue at the Corporate Tax Office (CTO) Lahore.
Section 25AA of the Sales Tax Act, 1990 grants Inland Revenue (IR) officers the authority to determine the fair market value of supplies in transactions between associates.
The Federal Board of Revenue Foundation (FBRF) has officially opened applications for the position of Chief Executive Officer (CEO), with a deadline set for November 30, 2021.
KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has said that the digital mode of payment for corporate expenses would disrupt business transactions; because almost all sales in the country are made on credit and this credit is secured through ‘post-dated’ cheques issued by buyers in favor of the sellers. Mian Nasser Hayat […]