Pakistan Revenue
ISLAMABAD: All two and three wheelers manufactured under Electric Vehicle Policy will sold at less than one percent sales tax for next seven years to bring the purchase price of EVs down, according to the policy. However, all two and three-wheeler EV’s imported shall be sold at one percent sales tax for the next five […]
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The Federal Board of Revenue (FBR) has announced its decision to defer the implementation of the Computerized National Identity Card (CNIC) condition on sales transactions exceeding Rs50,000 until January 31, 2020.
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ISLAMABAD: The Federal Board of Revenue (FBR) on has extended the last date for filing sales tax and federal excise return for the month of September 2019. According to a notification issued on Friday, the FBR extended the last date for making payment of sales tax and federal excise duty for the month of September […]
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ISLAMABAD: Federal Board of Revenue (FBR) has launched monitoring of sales tax and federal excise duty following huge gap detected in indirect revenue collection. “There appear to be a big gap between actual collection of sales tax / federal excise and its true potential,” the FBR said in a communication sent to all Chief Commissioners […]
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ISLAMABAD: Federal Board of Revenue (FBR) on Thursday extended the last date for sales tax and federal excise duty (FED) payment for the month of July 2019 up to August 23, 2019. The FBR in an office order informed all Chief Commissioners Inland Revenue of Large Taxpayers Units (LTUs) and Regional Tax Offices (RTOs) regarding […]
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ISLAMABAD: Federal Board of Revenue (FBR) has urged consumers to provide invoices showing deduction of sales tax by unregistered persons. The FBR on Friday appealed the people to file complaints against charge of sales tax by unregistered businessmen. “The consumers’ are encouraged to send the images of such invoices or report the matter to FBR […]
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ISLAMABAD: Federal Board of Revenue (FBR) on Thursday said that sales tax can only be recovered from customer if the supplier is registered for sales tax purpose. The FBR issued Sales Tax Circular No. 02 of 2019 and said that it was observed in many cases, suppliers of goods and services were charging sales tax […]
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ISLAMABAD: Federal Board of Revenue (FBR) has notified a new chapter for deduction and deposit of sales tax withholding on taxable goods and services. The rules shall apply from today or July 01, 2019. The FBR issued SRO 698(I)/2019 to amend Sales Tax Rules, 2006 to include Chapter XIV-D regarding withholding of sales tax by […]
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ISLAMABAD: Federal Board of Revenue (FBR) on Sunday issued uniformed sales tax rates for petroleum products effective from July 01, 2019. To implement the sales tax rates for petroleum products from July 01, 2019 the FBR issued SRO 700(I)/2019 on Sunday. In the earlier SRO 602(I)/2019 dated May 31, 2019, the FBR fixed the sales […]
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ISLAMABAD: Federal Board of Revenue (FBR) has notified new valuations for steel products for the purpose of collecting sales tax from July 01, 2019. The FBR on Saturday issued SRO 697(l)/2019 to fix the following values of locally produced goods specified in the Table below, for the purpose of payment of sales tax on ad […]
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