Sales Tax Act 1990 Archives - Page 9 of 32

Updated Definition of Company Under Sales Tax Laws

July 16, 2023July 16, 2023Hamza Shahnawaz

The Federal Board of Revenue (FBR) has recently issued an updated definition of a company under the Sales Tax Act, 1990, effective from July 1, 2023.

Understanding Definition of Active Taxpayer Under Sales Tax Act, 1990

July 16, 2023July 16, 2023Hamza Shahnawaz

In an effort to streamline tax administration and promote compliance, the Federal Board of Revenue (FBR) has recently released an updated definition of an active taxpayer under the Sales Tax Act, 1990.

FBR Introduces Penalty for Non-Filing of Sales Tax Return, Imposes Stricter Guidelines

July 9, 2023July 9, 2023Faisal Shahnawaz

Karachi, July 9, 2023 – The Federal Board of Revenue (FBR) has taken a decisive step towards ensuring compliance with sales tax regulations by prescribing penalties for individuals and entities failing to furnish their monthly sales tax return.

FBR updates Sales Tax Act incorporating new rates of 18% and 25%

March 7, 2023March 7, 2023Mrs. Anjum Shahnawaz

ISLAMABAD: Federal Board of Revenue (FBR) on Tuesday issued updated Sales Tax Act, 1990 incorporating new sales tax rates of 18 per cent and 25 per cent.

Pakistan amends laws to tax retailers

August 22, 2022August 22, 2022Mrs. Anjum Shahnawaz

ISLAMABAD: Pakistan on Monday revised laws to impose tax on retailers after suspending fixed tax scheme. President Arif Alvi has signed the bill namely Tax Laws (Second Amendment) Ordinance, 2022 to promulgate the revised taxation on the retailers. Through the immediate ordinance, amendments have been made to Sales Tax Act, 1990 under which retailers are […]

Pakistan implements new amendments to tax laws

August 22, 2022January 18, 2024Mrs. Anjum Shahnawaz

In a move aimed at enhancing revenue generation during the current fiscal year, Pakistan has implemented new amendments to both direct and indirect tax laws.

Significant changes to sales tax laws through Finance Act 2022

July 5, 2022July 5, 2022Hamza Shahnawaz

KARACHI: Significant changes have been made to sales tax laws through Finance Act, 2022 and that are applicable from July 01, 2022. PwC A.F. Ferguson & Co interpreted the changes made to Sales Tax Act, 1990 through the Finance Act, 2022, which are as follow: READ MORE: Key changes to income tax laws through Finance […]

Budget 2022/2023: Salient features of sales tax

June 11, 2022April 29, 2026Mrs. Anjum Shahnawaz

ISLAMABAD: Following are the salient features of amendment made to Sales Tax Act, 1990 through Finance Bill, 2022.

Fee and service charges under Sales Tax Act

May 19, 2022January 9, 2024Hamza Shahnawaz

Section 76 of the Sales Tax Act, 1990, sheds light on the imposition and regulation of fee and service charges by the Federal Board of Revenue (FBR).

Application of the provisions of Act IV

May 18, 2022January 8, 2024Hamza Shahnawaz

Section 75 of the Sales Tax Act, 1990, provides a mechanism for the application of certain provisions of Act IV of the Customs Act, 1969, in relation to the imposition and exemption from customs duties, draw-back of duty, warehousing, confiscation, and procedural aspects concerning offenses and appeals.

Tag: Sales Tax Act 1990