Apr 26

FBR issues rules for ADR in sales tax, federal excise cases

ISLAMABAD: Federal Board of Revenue (FBR) on Thursday notified rules to make Alternate Dispute Resolution Committee (ADRC) functional for cases in sales tax and federal excise. The FBR issued SROs 488 and 489 (I)/2019 to notify the rules. The ADRC is required to decide a case within 120 days and the decision will have binding […]

by Faisal Shahnawaz

FBR explains FED on motor vehicles under Second Amendment Act

Mar 20

FBR explains FED on motor vehicles under Second Amendment Act

ISLAMABAD: Federal Board of Revenue (FBR) on Wednesday explained the amendment of Federal Excise Duty (FED) on imported and locally manufactured vehicles through Finance Supplementary (Second Amendment) Act, 2019. The FBR said that Serial Number of Table 1 of the First Schedule to the FED Act, 2005 had been amended and duty of the imported […]

by Mrs. Anjum Shahnawaz

Finance Supplementary Bill: FBR issues salient features of sales tax and federal excise duty

Jan 24

Budget, Supplementary Budget 2019, Taxation

Finance Supplementary Bill: FBR issues salient features of sales tax and federal excise duty

Finance Supplementary Bill: Federal Board of Revenue (FBR) has issued salient features of sales tax and federal excise duty proposed through Finance Supplementary (Second Amendment) Bill, 2019.

by Mrs. Anjum Shahnawaz

Complete VAT system planned under medium term fiscal framework

Jan 13

Taxation

Complete VAT system planned under medium term fiscal framework

ISLAMABAD: The government is planning to a complete Value Added Tax (VAT) regime under its medium-term fiscal framework, aiming to make significant changes in taxation, according to sources.

by Mrs. Anjum Shahnawaz