FBR White

FBR includes five export oriented associations for reduced power, gas tariff

ISLAMABAD: Federal Board of Revenue (FBR) has included five associations of export oriented sector (erstwhile zero-rated sector) in the concessionary tariff regime of electricity, RLNG and gas. The FBR issued Sales Tax Circular No. 01 of 2021 on Tuesday to include the members of five associations for providing concessionary tariff of electricity, RLNG and gas. […]

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FBR Blue

FBR starts registration for grant of reduced tariff rate on electricity, gas supply

ISLAMABAD: Federal Board of Revenue (FBR) on Wednesday said it is starting registration of manufacturers of export oriented sectors from January 01, 2021 for grant of reduced tariff rate on supply of electricity and gas. In this connection the FBR issued standard operating procedure (SOP) to start the registration process. In a notification, the FBR […]

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textile manufacturing

Textile value added sector demands restoration of sales tax zero-rate regime

KARACHI: Exporters of textile value added sector have demanded restoration of zero-rated sales tax regime as despite assurance of 72-hour payment of refunds huge liquidity was stuck up with the tax authority. The Value Added Textile Exports Associations demand the government for immediate restoration of Zero Rating – No Payment No Refund System, release payments […]

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FBR Blue

Inland Revenue directed to ensure no zero-rate supply of gas, electricity

ISLAMABAD: Federal Board of Revenue (FBR) has directed offices of Inland Revenue to ensure implementation of normal tax rate on supply of gas and electricity to manufacturing facilities. In a communication with the offices of Inland Revenue, the FBR said: “Field formations are requested to ensure implementation accordingly and to ensure that no zero-rated supplies […]

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PM Imran Khan

No compromise on documentation; PM refuses to withdraw CNIC condition

KARACHI: Prime Minister Imran Khan on Wednesday showed firm resolve to document the economy and flatly refused demands of business community to withdraw condition of CNIC on sales above Rs50,000. Representatives of Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and Karachi Chamber of Commerce and Industry (KCCI) met the prime minister at the […]

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Karachi Chamber

Karachi Chamber demands restoration of sales tax zero rating for export industries

KARACHI: Karachi Chamber of Commerce and Industry (KCCI) on Thursday urged the government to restore sales tax zero-rating for export oriented industries as due to withdrawal of this scheme many industries have shut down their activities. KCCI President Junaid Esmail Makda in a statement expressed deep concerns over the worsening crises being faced by the […]

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