Karachi, November 13, 2023 – The Federal Board of Revenue (FBR) has announced the sales tax rates for the tax year 2024 through the updated Sales Tax Act, 1990, effective from July 1, 2023.
(more…)Tag: Sales Tax Act 1990
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FBR Explains Value of Supply for Sales Tax Levy During Tax Year 2024
The Federal Board of Revenue (FBR) has explained value of supply for sales tax levy during tax year 2024 to facilitate taxpayers in understanding the tax liability.
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FBR Defines Taxable Activity in Pakistan for Sales Tax Levy During Tax Year 2024
Karachi, November 12, 2023 – Federal Board of Revenue (FBR) has defined taxable activity in Pakistan for levy of sales tax during tax year 2024.
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Retail Price in Pakistan Explained Under Sales Tax Law for Tax Year 2024
Karachi, November 12, 2023 – Retail price in Pakistan has been explained under Sales Tax Act, 1990 by the Federal Board of Revenue (FBR) for Tax Year 2024.
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Updated Definition of Tier-1 Retailers for Tax Year 2023-24 in Pakistan
As the tax landscape evolves, tax authorities in Pakistan have recently issued an updated definition of Tier-1 retailers for the Tax Year 2023-24.
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Cracking the Code: Demystifying Taxable Activities Under Pakistan’s Sales Tax Act
Karachi, July 25, 2023 – The Federal Board of Revenue (FBR) has recently issued an updated version of the Sales Tax Act, 1990, which came into effect on July 1, 2023, and provides a comprehensive explanation of taxable activities in Pakistan.
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Input and Output Tax Defined under Sales Tax Act 1990 for Facilitation of Taxpayers
Karachi, July 23, 2023 – The Federal Board of Revenue (FBR) has recently updated the Sales Tax Act, 1990, introducing clear definitions of input tax and output tax aimed at streamlining tax-related processes and providing greater clarity for taxpayers. The updated act, which covers changes up to June 30, 2023, is set to be applicable from July 1, 2023.
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Sales Tax in Pakistan: A Definition for Clarity in Consumption Tax
Karachi, July 18, 2023 – The concept of sales tax has been formally defined under the prevailing tax laws in Pakistan, aiming to bring clarity and precision to the imposition of consumption tax.
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Sales Tax Law Defines Retail Price under Pakistan’s Tax Regulations
Karachi, July 18, 2023 – The Sales Tax Law in Pakistan has unveiled a clear definition of the retail price, bringing much-needed clarity for businesses and consumers.
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Sales Tax Act Defines Cottage Industry in Pakistan
Karachi, July 17, 2023 – The Sales Tax Act in Pakistan has recently provided a clear definition for the term “cottage industry.” The Federal Board of Revenue (FBR) has issued an updated version of the Sales Tax Act, 1990, effective from July 1, 2023.
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