FBR directed to transfer ST, FED jurisdiction of all cases from AEOI Zones to original jurisdiction ISLAMABAD: The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to immediately transfer... Published 08 Jul, 2023 06:20am
Print FBR issues tax expenditure report-2023: More exemptions, concessions given during 2021-22 ISLAMABAD: The Federal Board of Revenue (FBR) has given more sales tax exemptions, zero-rating and concessions to... Updated 08 Jul, 2023 09:02am
Print FBR to ‘sell’ excise rules, general orders, departmental rulings to public ISLAMABAD: The Federal Board of Revenue (FBR) will “sell” federal excise rules, general orders and departmental... Updated 06 Jul, 2023 08:39am
Print Value of Rs5m or more: 3pc advance tax to be collected on registration of EVs ISLAMABAD: The advance tax at the rate of 3 percent would be collected at the time of registration of electric... Updated 04 Jul, 2023 09:11am
Business & Finance Amendments enacted by Finance Act, 2023 vis-à-vis those proposed in Finance Bill 2023–II SALES TAX INCREASE IN RATE OF FURTHER TAX Published 29 Jun, 2023 04:19am
Business & Finance Islamabad Capital Territory: FBR to charge 15pc ST on electric power transmission services ISLAMABAD: The Federal Board of Revenue (FBR) will charge 15 percent sales tax on Electric Power Transmission... Published 28 Jun, 2023 06:31am
Business & Finance Amendments enacted by Finance Act, 2023 vis-à-vis those proposed in Finance Bill 2023–I The Federal Government presented Finance Bill, 2023(‘FB’) in the National Assembly on June 9, 2023. After the... Published 28 Jun, 2023 06:31am
Print KTBA says ‘IRIS’ has stopped incorporating credit notes KARACHI: The FBR portal ‘IRIS’ has stopped incorporating credit notes during the process of filing of sales tax... Updated 27 Jun, 2023 08:59am
Print Supplies made to unregistered persons: Rate of ‘Further Sales Tax’ increased to 4pc ISLAMABAD: In a major move to document unregistered sales tax persons, the Federal Board of Revenue (FBR) has... Updated 26 Jun, 2023 09:22am
Business & Finance Sales tax on services: KPRA collects Rs26.5bn in 2022 ISLAMABAD: The Khyber-Pakhtunkhwa Revenue Authority (KPRA) has collected over Rs26.5 billion in sales tax on ... Published 22 Jun, 2023 05:45am
Business & Finance Sales tax evasion worth billions of rupees detected ISLAMABAD: The Directorate of Intelligence & Investigation (Inland Revenue) Lahore has detected sales tax ... Published 22 Jun, 2023 05:45am
Business & Finance Punjab govt has added no new sector to ST on services domain LAHORE: The Punjab government has neither imposed a new tax nor added any new sector to the domain of sales tax on... Published 20 Jun, 2023 03:16am
Business & Finance Govt accused of giving boost to undocumented retail sector thru budget LAHORE: The budget 2023-24 has given more relaxation to the undocumented and unregistered retail sector and... Published 16 Jun, 2023 06:27am
Business & Finance Businessmen concerned at proposed tax on windfall gains profits ISLAMABAD: Leading business associations, Monday, unanimously raised their voice against the budgetary measure of... Updated 13 Jun, 2023 06:22am
Print Senate panel rejects 3 major ST measures ISLAMABAD: The Senate Standing Committee on Finance rejected three major sales tax measures including a one-year... Updated 13 Jun, 2023 08:47am
Print Tax expenditures constitute 36.43pc of FBR tax collection? ISLAMABAD: The tax expenditures remained 36.43 percent of the total Federal Board of Revenue (FBR) tax collection in... Updated 12 Jun, 2023 08:43am
Business & Finance Comments on FY2023-24 Budget The Finance Bill 2023 did not bring any substantial change in the tax policy as all major revenue measures are aimed... Updated 12 Jun, 2023 06:46am
Print GST on services: Rs235bn target set KARACHI: The Sindh government has set Rs 235 billion revenue collection target for sales tax on services for the ... Updated 11 Jun, 2023 08:09am
Business & Finance Proposals No increase in duties on import of essential items Minimum wage proposed at Rs32,000; wages of government employees... Published 10 Jun, 2023 05:20am
Print Pharmaceuticals, drugs: Sales tax structure restored ISLAMABAD: The government restored the sales tax structure on drugs and pharmaceuticals on July 1st, 2022 position... Updated 10 Jun, 2023 08:50am
Print Finance Bill 2023: Rate of GST on e-integrated textile retailers up 3pc ISLAMABAD: The government has enhanced the rate of sales tax on electronically-integrated textile retailers from the... Updated 10 Jun, 2023 08:49am
Print SALIENT FEATURES GUIDING PRINCIPLES: No increase of duties on import of essential items Trade facilitation and ease of doing... Published 10 Jun, 2023 05:01am
Business & Finance NOTES ON CLAUSES Clause 3(1)? Seeks to amend section 2 (s) to enable Pakistan Customs ... Published 10 Jun, 2023 05:01am
Technology IT sector: Budget brings in huge incentives ISLAMABAD: The government has announced huge incentives for Information Technology (IT) Sector, IT exports and IT... Published 10 Jun, 2023 05:01am
Business & Finance ST exemption: Units in NMDs get one-year extension ISLAMABAD: The government has extended the sales tax exemption to newly-merged districts (NMDs) (FATA/ PATA) for... Published 10 Jun, 2023 05:01am
Print Power production, transmission and distribution: Centre’s powers of GST collection go to provinces ISLAMABAD: In a significant move, the government has transferred the Centre’s powers of collection of sales tax on... Published 10 Jun, 2023 04:31am
Print Tax exemptions cost exchequer over Rs2.23trn Cost of tax exemptions registered a growth of 27.43 per cent during 2022-23 as compared to tax expenditure in 2021-22 Updated 09 Jun, 2023 02:49pm
Print Sales tax zero-rating on supply of dairy products to continue ISLAMABAD: The sales tax zero-rating on local supplies of dairy products including milk/fat filled milk would remain... Updated 07 Jun, 2023 09:10am
Pakistan Directorate I&I detects mega scam of fake ST inovices ISLAMABAD: Directorate of Intelligence & Investigation (IR) Lahore has unearthed a gang of fraudsters involved ... Published 03 Jun, 2023 03:52am
Print Registered sales, purchases: KTBA proposes reintroduction of tax credits KARACHI: Karachi Tax Bar Association (KTBA) has proposed the Federal Board of Revenue (FBR) to re-introduce tax... Updated 01 Jun, 2023 09:04am