FBR increases sales tax on petrol

ISLAMABAD: Federal Board of Revenue (FBR) has increased sales tax rate on petrol to 13 percent for the month of June 2019 from 12 percent, which was applicable in May 2019. Read more »

Sindh exempts sales tax on insurance services

KARACHI: The Sindh government has exempted the insurance services from payment of sales tax up to June 30, 2019. Read more »

FBR notifies sales tax rates on petroleum products for May 2019

ISLAMABAD: Federal Board of Revenue (FBR) on Saturday notified sales tax rates for petroleum products for the month of May 2019. Read more »

FBR may proceed for sales tax blacklisting of M/s. Hascol Petroleum Limited

KARACHI: Federal Board of Revenue (FBR) will start proceeding to blacklist a major oil marketing company after suspending this week for non-compliance and suppressing sales to evade taxes. Read more »

FBR reduces up to 88 percent sales tax on petroleum products

ISLAMABAD: Federal Board of Revenue (FBR) has significantly reduced the sales tax rates up to 88 percent on supply of petroleum products for five days. Read more »

FBR issues rules for ADR in sales tax, federal excise cases

ISLAMABAD: Federal Board of Revenue (FBR) on Thursday notified rules to make Alternate Dispute Resolution Committee (ADRC) functional for cases in sales tax and federal excise. Read more »

Sales tax auditors form association against FBR’s unfair treatment

KARACHI: The officers of Sales Tax have formed an association to voice against biased treatment of Federal Board of Revenue (FBR). Read more »

FPCCI recommends single digit sales tax rate

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has proposed reducing sales tax to single digit from existing 17 percent. Read more »

FBR fixes sales tax rate for cottonseed

ISLAMABAD: Federal Board of Revenue (FBR) has fixed Rs 8 as sales tax for 40 kilogram of cottonseed for the period starting from July 01, 2019. Read more »

FBR notifies rules for online monitoring of five major items

ISLAMABAD: Federal Board of Revenue (FBR) has notified rules for electronic monitoring of five goods in order to prevent sales tax evasion. Read more »

FBR withdraws credit card details on sales through POS

KARACHI: Federal Board of Revenue (FBR) has withdrawn requirement of details of credit card holder in case sales made through Point of Sale (POS) of textile and leather sectors under concessionary regime. Read more »

Finance Supplementary Bill: FBR issues salient features of sales tax and federal excise duty

ISLAMABAD: Federal Board of Revenue (FBR) on Thursday issued salient features of changes brought into sales tax and Federal Excise Duty (FED) regime through Finance Supplementary (Second Amendment) Bill, 2019, presented on... Read more »