SRO Archives - Pkrevenue.com

Lahore Chamber Calls for Suspension of Controversial FBR SROs

April 24, 2024April 24, 2024Mrs. Anjum Shahnawaz

Lahore, April 24, 2024 – The Lahore Chamber of Commerce and Industry (LCCI) has formally requested the deferral of several recent Statutory Regulatory Orders (SROs) issued by the Federal Board of Revenue (FBR), citing significant disruptions to business activities.

FBR issues SRO to impose 5pc regulatory duty on yarn amid protest

December 25, 2022December 25, 2022Mrs. Anjum Shahnawaz

ISLAMABAD: Federal Board of Revenue (FBR) has issued a SRO to impose regulatory duty at 5 per cent on import of polyester yarn despite protest by business community.

Pakistan allows tax exemption on tomato, onion imports

September 1, 2022September 1, 2022Mrs. Anjum Shahnawaz

ISLAMABAD: Pakistan on Wednesday granted exemption of income tax and sales tax on imports of tomato and onion during next four months. In this regard, the Federal Board issued notifications in this regard. The FBR issue SRO 1639(I)/2022 to allow withholding income tax exemption on import of tomato and onion imported till December 31, 2022. […]

Rules amended for sales tax de-registration

January 15, 2022January 15, 2022Mrs. Anjum Shahnawaz

ISLAMABAD: The Federal Board of Revenue (FBR) has amended rules related to sales tax de-registration of a person or a company. The FBR issued SRO 51(I)/2022 dated January 13, 2022 to amend Sales Tax Rules, 2006. Rule 11 of the Sales Tax Rules, 2006 deals with de-registration. Under this rule, sub-rule (1) every registered person […]

Pakistan allows sales tax exemption on Afghan fruits

November 22, 2021January 25, 2024Hamza Shahnawaz

The Federal Board of Revenue (FBR) in Pakistan issued a sales tax notification, SRO 1501(I)/2021, on Monday, formalizing the government’s decision to exempt the sales tax on the import of most Afghan fruits.

FBR slaps extra sales tax up to 17% on unregistered persons

September 17, 2021January 23, 2024Faisal Shahnawaz

In a move to enhance tax compliance, the Federal Board of Revenue (FBR) has imposed an additional sales tax of up to 17% on unregistered industrial and commercial connection holders of electricity and gas utilities.

FBR to allow single vehicle owner for transshipment

September 11, 2021January 7, 2024Faisal Shahnawaz

ISLAMABAD: The Federal Board of Revenue (FBR) has decided to allow a single vehicle owner to transport goods under transshipment rules.

IREN empowered petrol retail outlets to check evasion

August 25, 2021August 25, 2021Mrs. Anjum Shahnawaz

ISLAMABAD: The Federal Board of Revenue (FBR) on Tuesday authorized Inland Revenue Enforcement Network (IREN) to petrol the retail outlets to check sales tax evasion. The FBR issued SRO 1063(I)/2021 to amend Sales Tax Rules, 2006. Through the rules, the FBR established IREN and authorized the body to check and verify any of the eventualities. […]

Input tax claim procedure for AJK, GB persons

August 24, 2021January 25, 2024Hamza Shahnawaz

The Federal Board of Revenue (FBR) has laid out the procedure for claiming input tax credit against supplies made by individuals registered in Azad Jammu and Kashmir (AJK) and Gilgit Baltistan (GB).

FBR increases minimum prices of steel products

August 11, 2021January 5, 2024Faisal Shahnawaz

The Federal Board of Revenue (FBR) announced on Wednesday that it has increased the minimum prices of steel products in an effort to align them with the rising costs observed in both domestic and international steel markets.

Tag: SRO