ISLAMABAD: Federal Board of Revenue (FBR) on Tuesday explained the increased rate of Federal Excise Duty (FED) applied through Finance Supplementary Act, 2023.
(more…)Tag: mini budget
-
Sales tax rate enhanced to 18 pc for increasing tax to GDP ratio: FBR
ISLAMABAD: Federal Board of Revenue (FBR) on Tuesday said that standard rate of sales tax has been enhanced to 18 per cent to increase the tax to GDP ratio.
(more…) -
New massive taxation makes marriage functions very costly in Pakistan
New income tax rate on marriage functions in Pakistan has been introduced through Finance (Supplementary) Act, 2023. The rate shall be applicable
(more…) -
New rates of sales tax on mobile phones imposed through mini budget
ISLAMABAD: Federal Board of Revenue (FBR) has issued new rates of sales tax on mobile phones after implementation of the mini budget.
(more…) -
FBR issues new rates of duty, taxes under Finance (Supplementary) Act 2023
ISLAMABAD: Federal Board of Revenue (FBR) on Thursday issued new rates of duty and taxes under Finance (Supplementary) Act, 2023, after President Dr. Arif Alvi signed the bill following approval from both the houses.
(more…) -
Mini budget applies as President Alvi signs Finance Supplementary Bill 2023
ISLAMABAD: The newly introduced mini-budget on Thursday became applicable as the President of Pakistan Dr. Arif Alvi signed the Finance Supplementary Bill 2023.
(more…) -
FPCCI says new taxes to further slowdown economy
KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has said that imposition of new taxes by the government will further slowdown the economy.
(more…) -
Mini budget, petroleum price surge to exert unbearable pressure on masses: KCCI
KARACHI: Mini budget and surge in petroleum prices will exert unbearable pressure on masses, according to a statement issued by Karachi Chamber of Commerce and Industry (KCCI).
(more…) -
Experts question sales tax rate increase without Parliament approval
KARACHI: Federal Board of Revenue (FBR) has increased the sales tax rate to 18 per cent from 17 per cent through a notification issued on February 14, 2023, which has to be approved by the parliament.
(more…) -
Salient features of mini budget or Finance Supplementary Bill 2023
KARACHI: Following are Salient features of mini budget or Finance Supplementary Bill, 2023 presented by Finance Minister Ishaq Dar in the National Assembly on Wednesday.
(more…)