Jul 12

FBR to Unveil Fixed Tax Rates for Traders and Retailers

Islamabad: The Federal Board of Revenue (FBR) is set to announce a new, simplified tax system tailored for traders, shopkeepers, and retailers in 42 Pakistani cities. This initiative aims to replace the existing complex square-footage based tax system with a more straightforward flat tax rate determined by shop location and category.

by Mrs. Anjum Shahnawaz

Retailers Get Relief from Tax Integration in Pakistan

Mar 23

Pakistan, Taxation, Top stories

Retailers Get Relief from Tax Integration in Pakistan

Karachi, March 23, 2024 – The retail sector in Pakistan is set to receive a significant boost as the Federal Board of Revenue (FBR), the country’s apex tax authority, announced a series of incentives aimed at providing relief to retailers from mandatory online integration with tax authorities.

by Shahnawaz Akhter

FBR Discovers Non-Filer Retailers in Door-to-Door Campaign

Jan 20

Taxation, Top stories

FBR Discovers Non-Filer Retailers in Door-to-Door Campaign

Karachi, January 20, 2024 – The Federal Board of Revenue (FBR) has unveiled plans to launch a door-to-door campaign targeting non-filer retailers.

by Shahnawaz Akhter

Lahore Chamber Advocates Tax Relief for Retailers

Jan 7

Trade & Industry

Lahore Chamber Advocates Tax Relief for Retailers

Lahore, January 7, 2024 – The Lahore Chamber of Commerce and Industry (LCCI) has called upon tax authorities to provide much-needed relief to retailers, citing concerns over recent policy changes.

by Mrs. Anjum Shahnawaz

Sales Tax Act Grants FBR Authority to Disconnect Electricity and Gas for Defaulting Retailers

Nov 15

Taxation, Top stories

Sales Tax Act Grants FBR Authority to Disconnect Electricity and Gas for Defaulting Retailers

Islamabad, November 15, 2023 – The Sales Tax Act of 1990 has conferred the authority upon the Federal Board of Revenue (FBR) to discontinue electricity and gas connections for retailers found in default of their tax obligations.

by Shahnawaz Akhter

FBR Targets Retailers Transactions to Widen Tax Base

Oct 5

Taxation, Top stories

FBR Targets Retailers Transactions to Widen Tax Base

Karachi, October 5, 2023 – The Federal Board of Revenue (FBR) in Pakistan has taken a significant step to expand the tax base by obtaining transaction records of retailers operating in the country. Sources within the FBR have revealed that this move is part of a broader effort to bring more businesses within the tax […]

by Shahnawaz Akhter

Sales Tax Rate Increased to 15% for Tier-1 Retailers of Textile Products

Jul 22

Taxation

Sales Tax Rate Increased to 15% for Tier-1 Retailers of Textile Products

Karachi, July 22, 2023 – In a move aimed at generating additional revenue and streamlining the tax structure, the Federal Board of Revenue (FBR) has announced an enhancement in the sales tax rate for Tier-1 retailers of finished fabrics and articles of textile leather, among other materials.

by Shahnawaz Akhter

FBR receives suggestion to introduce fixed tax regime for small retailers

May 28

Budget 2023-2024, Taxation

FBR receives suggestion to introduce fixed tax regime for small retailers

The Federal Board of Revenue (FBR) in Pakistan has received a proposal from the Institute of Chartered Accountants of Pakistan (ICAP) suggesting the implementation of a fixed tax regime for small retailers.

by Faisal Shahnawaz

FBR nets 96 big retailers for POS integration

Mar 10

Taxation

FBR nets 96 big retailers for POS integration

ISLAMABAD: Federal Board of Revenue (FBR) on Friday identified 96 big retailers for mandatory integration with Point of Sale (POS) system.

by Mrs. Anjum Shahnawaz

Furniture retailers want fixed tax regime

Oct 24

Trade & Industry

Furniture retailers want fixed tax regime

KARACHI: Pakistan Furniture Association (PFA) has demanded fixed tax regime for their retail outlets. In this regard the association on Monday asked the Karachi Chamber of Commerce and Industry (KCCI) to raise the issue at higher platform. Senior Vice Chairman Pakistan Furniture Association (PFA) Rana Waheed Murad, while referring to several discussions and a meeting […]

by Hamza Shahnawaz