Twelfth Schedule Archives

FBR notifies rules to implement new tax regime for imported goods

August 12, 2020August 12, 2020Mrs. Anjum Shahnawaz

ISLAMABAD: Federal Board of Revenue (FBR) on Wednesday notified rules to implement new taxation regime on import of goods, which was introduced through Twelfth Schedule of Income Tax Ordinance, 2001. The FBR issued SRO 715(I)/2020 to notify the rules for implementation of new tax rates on import of goods. Through Finance Act, 2020 new 12th […]

FBR withdraws 3pc value addition tax on imported consumer items

November 9, 2019February 15, 2021Mrs. Anjum Shahnawaz

ISLAMABAD: Federal Board of Revenue (FBR) has withdrawn three percent minimum value addition tax on import of consumer items on which sales tax is paid on retail basis. The FBR on Friday issued SRO 1321(I)/2019 and amended the Twelfth Schedule of Sales Tax Act, 1990 under which three percent minimum value addition sales tax has […]

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FBR notifies rules to implement new tax regime for imported goods

FBR withdraws 3pc value addition tax on imported consumer items

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