sales tax Archives - Pkrevenue.com

Sindh and Punjab revenue authorities discuss sales tax on services implementation

January 18, 2026January 18, 2026Mrs. Anjum Shahnawaz

Lahore: The Chairman of Sindh Revenue Board (SRB), Dr. Wasif Memon, visited the Punjab Revenue Authority (PRA) headquarters for high-level talks on enhancing tax administration and implementing sales tax on services across provinces.

Finance Act 2025 broadens definition of fraud under sales tax laws

June 29, 2025June 29, 2025Shahnawaz Akhter

Karachi, June 29, 2025 – In a move to tighten compliance and close legal loopholes, the government has significantly expanded the definition of fraud under Sales Tax Act, 1990 through the newly enacted Finance Act, 2025.

ICMAP proposes GST reforms to tax offshore sellers

June 9, 2025June 9, 2025Shahnawaz Akhter

KARACHI, June 9, 2025 — The Institute of Cost and Management Accountants of Pakistan (ICMAP) has made a strong case for sweeping tax reforms in its budget proposals for 2025–26, calling on the government to bring offshore sellers firmly under the General Sales Tax (GST) regime.

FY26 Budget: Govt plans to expand 25% sales tax on luxury items

May 21, 2025May 21, 2025Mrs. Anjum Shahnawaz

ISLAMABAD, May 21, 2025 – In the upcoming federal budget for 2025-26, the government is preparing to expand the list of luxury items that will be subject to a higher sales tax rate of 25 percent. This move is aimed at generating more revenue and offsetting the expected losses from reduced customs and regulatory duties.

Oil refineries applaud resolution of sales tax dispute

May 21, 2025May 21, 2025Shahnawaz Akhter

ISLAMABAD – The chief executive officers (CEOs) of Pakistan’s leading oil refineries expressed their appreciation to the federal government for resolving the long-standing sales tax issue that had been hampering growth and stability in the refining and oil marketing sectors.

Pakistan may abolish sales tax on cotton in 2025-26 budget

May 13, 2025May 13, 2025Shahnawaz Akhter

Islamabad, May 13, 2025 — The government of Pakistan is considering a significant tax reform by planning to abolish the 18% sales tax on locally produced cotton in the upcoming federal budget for 2025-26.

Mobile Phones Drain Rs33 Billion Through Tax Waivers

April 18, 2025April 18, 2025Shahnawaz Akhter

Karachi, April 18, 2025 – The Federal Board of Revenue (FBR) has revealed that locally manufactured mobile phones benefited from a massive sales tax exemption totaling Rs33 billion in 2024, according to its latest tax expenditure report.

Nestlé Pakistan Attributes CY24 Revenue Decline to Higher GST

March 26, 2025March 26, 2025Shahnawaz Akhter

Karachi, March 26, 2025 – Nestlé Pakistan has attributed its revenue decline for the calendar year 2024 to the higher rate of General Sales Tax (GST). The company cited the increased tax burden as a key factor impacting its financial performance.

PM Shehbaz Constitutes Probe Team for Sales Tax Frauds

December 12, 2024December 12, 2024Faisal Shahnawaz

Islamabad, December 12, 2024 – Prime Minister Shehbaz Sharif has taken decisive action against sales tax fraud by forming a high-powered joint inquiry team to investigate and address this pressing issue.

Millat Tractors Limited Halts Sales Pending FBR Clarification

September 3, 2024September 3, 2024Shahnawaz Akhter

Karachi, September 3, 2024 – Millat Tractors Limited, one of Pakistan’s leading tractor manufacturers, announced on Tuesday that it will continue to restrict its sales until further notice, awaiting clarification from the Federal Board of Revenue (FBR) regarding the sales tax refund procedure and its applicability.

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