Tag: sales tax refund

Taxation

FBR advised to allow sales tax refunds on local supplies

— January 28, 2020 add comment
KARACHI: Karachi Tax Bar Association (KTBA) on Tuesday advised Federal Board of Revenue (FBR) to allow sales tax refund to manufacturers making local supplies. Read more »
Taxation

FBR allows filing Annexure H for July 2019 to claim sales tax refund

— December 12, 2019 add comment
ISLAMABAD: Federal Board of Revenue (FBR) has allowed filing of statement containing stock position for July 2019 to taxpayers for claiming sales tax refunds. Read more »
Trade & Industry

Exporters perturb over part of tax refund claims disallowed without reason

— December 6, 2019 add comment
KARACHI: Pakistan Hosiery Manufacturers Association (PHMA) on Friday pointed out reduction in refund amount against original claim. Read more »
Taxation

FBR to issue around Rs3 billion tax refunds in next couple of days: Hafeez Shaikh

— December 5, 2019 add comment
ISLAMABAD: Federal Board of Revenue (FBR) will issue another Rs2 to 3 billion tax refunds in next couple of days, Dr. Abdul Hafeez Shaikh, Adviser to the Prime Minister on Finance and... Read more »
Taxation

FBR issues Rs5.5bn refunds through automated system: Shabbar Zaidi

— December 4, 2019 add comment
ISLAMABAD: Syed Shabbar Zaidi, Chairman, Federal Board of Revenue (FBR) on Wednesday said that around Rs5.5 billion sales tax refunds were issued through fully automated system. Read more »
Trade & Industry

Exporters claim Rs62 billion fresh refunds stuck up despite FBR’s 72-hour clearance assurance

— November 30, 2019 add comment
KARACHI: The new 72-hour sales tax refund clearance strategy of Federal Board of Revenue (FBR) has failed as another Rs62 billion refunds were stuck up since launch of the new systems, exporters... Read more »
Taxation

ECC approves Rs30bn for redemption of sales tax refund bonds

— November 28, 2019 add comment
ISLAMABAD: The government has approved Rs30 billion for redemption of sales tax refund bonds issued by the Federal Board of Revenue (FBR). Read more »
Taxation

Properly filled stock statement to ensure refund in 72 hours: FBR

— November 27, 2019 add comment
ISLAMABAD: Federal Board of Revenue (FBR) has said that property filled stock statement will ensure processing of sales tax refunds within 72 hours. Read more »
Taxation

Sales tax refund payment falls by 70 percent in last year

— November 16, 2019 add comment
ISLAMABAD: Federal Board of Revenue (FBR) has issued only Rs21.16 billion as sales tax refunds during last year which is 70 percent less than the preceding fiscal year. Read more »
Taxation

FBR issues guidelines to facilitate issuance of sales tax refunds in 72 hours

— November 9, 2019 add comment
ISLAMABAD: Federal Board of Revenue (FBR) has issued guidelines to facilitate taxpayers in issuance of sales tax refunds within 72 hours. Read more »
Exclusive

Post refund divisions to be set up at RTOs/LTUs to audit claims

— October 23, 2019 add comment
ISLAMABAD: Federal Board of Revenue (FBR) has decided to audit sales tax refunds by establishing ‘refund division’ at all Regional Tax Offices (RTOs) and Large Taxpayers Units (LTUs). Read more »
Taxation

Sale tax refunds to be released on declared stock statement: FBR

— October 21, 2019 add comment
ISLAMABAD: Federal Board of Revenue (FBR) on Monday said that refunds will be issued only on stock statement declared by sales tax registered persons. Read more »