Nov 25

FPCCI demands expanding raw material list for reduced income tax rate

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Wednesday urged the tax authorities to expand the list of raw material for purpose of reduced income tax rate at import stage. FPCCI President Mian Anjum Nisar while reacting to SRO 1240(I)/2020 dated November 20, 2020 stated that through this notification a very few […]

by Mrs. Anjum Shahnawaz

Reduced tax rate criteria for Shari’ah compliant listed companies

Nov 15

Taxation

Reduced tax rate criteria for Shari’ah compliant listed companies

In a bid to promote and incentivize Shari’ah-compliant business practices, the Federal Board of Revenue (FBR) has issued a set of criteria defining the eligibility for reduced tax rates for companies whose shares are traded on a stock exchange.

by Mrs. Anjum Shahnawaz

Sindh introduces 5% sales tax reduced rate for healthcare services

Feb 6

Taxation

Sindh introduces 5% sales tax reduced rate for healthcare services

KARACHI: Sindh Revenue Board (SRB) on Thursday introduced a reduced rate sales tax at five percent for various healthcare services with compliance of certain conditions. The provincial revenue body issued notification SRB-3-4/7/2020 to announce the reduced rate at five percent instead of 10 percent. The normal sales tax rate on services prevailed in Sindh province […]

by Mrs. Anjum Shahnawaz

SRB announces 5% sales tax reduced rate for personal care services

Feb 6

Taxation

SRB announces 5% sales tax reduced rate for personal care services

KARACHI: Sindh Revenue Board (SRB) on Thursday announced a reduced rate sales tax at five percent for various personal care services with compliance of certain conditions. The provincial revenue body issued notification SRB-3-4/7/2020 to announce the reduced rate at five percent instead of 10 percent. The normal sales tax rate on services prevailed in Sindh […]

by Mrs. Anjum Shahnawaz