KPK Introduces Fixed Tax for Lawyers and Customs Agents
In a pivotal move aimed at simplifying the tax system, the Khyber Pakhtunkhwa (KPK) government has announced the implementation of a fixed sales tax on services for lawyers and customs agents.
In a pivotal move aimed at simplifying the tax system, the Khyber Pakhtunkhwa (KPK) government has announced the implementation of a fixed sales tax on services for lawyers and customs agents.
Islamabad, February 15, 2024 – The Economic Coordination Committee (ECC) of the Cabinet, during its meeting on Wednesday, gave the nod to an increased sales tax rate of 25 percent on locally assembled vehicles.
Karachi, December 7, 2023 – The Federal Board of Revenue (FBR) has implemented a directive preventing integrated retailers from issuing temporary sales tax invoices through the Point of Sale (POS) system.
Karachi, December 2, 2023 – The Federal Board of Revenue (FBR) has successfully garnered Rs 722 billion through customs duty and sales tax on the import and supply of petroleum products during the fiscal year 2022-2023.
Karachi, November 23, 2023 – The Karachi Chamber of Commerce and Industry (KCCI) has brought to light a series of technical errors that have impeded the filing of monthly sales tax returns.
Karachi, November 16, 2023 –The citizens in Pakistan are set to continue enjoying a sales tax holiday on the purchase of petroleum products throughout the second half of November 2023 in a move of the government aimed at providing relief to the masses amidst a global economic downturn.
Input tax and output tax have been explained under Sales Tax Act, 1990 for Tax Year 2024 by the Federal Board of Revenue (FBR).
Green industry in Pakistan has been defined for Tax Year 2024 under updated Sales Tax Act, 1990 released by Federal Board of Revenue (FBR).
Islamabad, November 10, 2023 – The Federal Board of Revenue (FBR) has taken a significant step toward modernizing tax documentation with the issuance of rules for electronic sales tax invoices.
Karachi, July 22, 2023 – In a move to promote accessibility and affordability of alternative medicines, the Federal Board of Revenue (FBR) has extended the lower sales tax rate of 1 percent to the supply of alternative medicines/medicaments.