Sales Tax Act 1990 Archives - Page 2 of 32

Summary of sales tax amendments through Finance Bill 2025

June 11, 2025June 11, 2025Shahnawaz Akhter

The Finance Bill 2025 has introduced a series of significant proposals to amend the Sales Tax Act, 1990, aimed at expanding the tax base, enhancing compliance, and curbing tax evasion.

FBR to Incentivize Whistleblowers in Sales Tax Evasion Cases

January 20, 2025January 20, 2025Shahnawaz Akhter

Karachi, January 20, 2025 – In a move to combat sales tax evasion and promote transparency, the Federal Board of Revenue (FBR) has announced policy to reward whistleblowers who provide credible information leading to the detection of tax fraud, evasion, or corruption.

FBR Disallows Sales Tax Refund Claims Filed After One Year

January 19, 2025January 19, 2025Shahnawaz Akhter

Karachi, January 19, 2025 – The Federal Board of Revenue (FBR) has announced that it will no longer entertain claims for sales tax refunds filed beyond a one-year period. This decision, based on Section 66 of the Sales Tax Act, 1990, emphasizes strict adherence to the stipulated time frame for refund claims.

FBR to Pay Interest at KIBOR for Delayed Sales Tax Refunds

January 18, 2025January 18, 2025Shahnawaz Akhter

Karachi, January 18, 2025 – The Federal Board of Revenue (FBR) has confirmed its obligation to pay interest on delayed sales tax refunds at the annual Karachi Interbank Offered Rate (KIBOR).

Modes of Notice Service under Sales Tax Act

January 16, 2025January 16, 2025Shahnawaz Akhter

The Sales Tax Act, 1990, clearly outlines the procedures for service of notices, orders, or decisions to taxpayers or other persons under its jurisdiction. These procedures are governed by Section 56 of the Act, which specifies the acceptable modes of service to ensure proper communication and compliance.

Extensive Tools Empower IR Officers for Tax Recovery

January 16, 2025January 16, 2025Shahnawaz Akhter

Karachi, January 16, 2025 – Officers of Inland Revenue (IR) have been provided with extensive mechanisms under the Sales Tax Act, 1990, to ensure the recovery of outstanding sales tax arrears. These measures are outlined in Section 48 of the Act, offering a comprehensive framework to address cases of unpaid taxes.

FBR Unveils Arrest Guidelines for Inland Revenue Officers

January 15, 2025January 15, 2025Shahnawaz Akhter

Karachi, January 14, 2025 — The Federal Board of Revenue (FBR) has unveiled a detailed procedure governing the actions of Inland Revenue (IR) officers in the arrest of individuals suspected of violating tax laws.

Sales Tax Act Empowers IR Officers to Arrest and Prosecute

January 11, 2025January 11, 2025Shahnawaz Akhter

Karachi, January 11, 2025 – The Sales Tax Act, 1990, empowers officers of Inland Revenue (IR) to arrest and prosecute individuals for non-compliance with tax laws, strengthening enforcement mechanisms for tax evasion and fraud.

How Much You Pay Default Surcharge for Tax Payment Failure?

January 11, 2025January 11, 2025Shahnawaz Akhter

The Federal Board of Revenue (FBR) has clarified the rates and application of default surcharge for taxpayers who fail to meet their tax payment obligations. This surcharge is governed under Section 34 of the Sales Tax Act, 1990, and applies to both intentional and unintentional delays or errors in tax payments.

Evade Tax, Face 10 Years: FBR Sends Stern Message

January 10, 2025May 7, 2026Shahnawaz Akhter

Karachi, January 10, 2025 – The Federal Board of Revenue (FBR) has announced stringent measures against sales tax fraud, including a jail term of up to 10 years for offenders. These penalties are prescribed under the Sales Tax Act, 1990, and aim to curb fraudulent practices that undermine the country’s revenue collection efforts.

Tag: Sales Tax Act 1990