ST through power bills: Only 0.133m retailers file tax returns ISLAMABAD: Only 0.133 million retailers filed their income tax returns out of 2.3 million retailers who paid sales... Updated 11 Apr, 2023 10:07am
Business & Finance PHMA urges FBR to expedite disbursement of sales tax refunds LAHORE: The Pakistan Hosiery Manufacturers & Exporters Association (PHMA) on Saturday asked the Federal Board of... Published 02 Apr, 2023 03:02am
Pakistan LHC allows appeal of Millat Tractors LAHORE: The Lahore High Court allowed an appeal of Millat Tractors Limited and held that SRO 563 does not apply to... Published 01 Apr, 2023 06:21am
Business & Finance Towel makers demand release of ST refunds KARACHI: The Chairman of the Towel Manufacturers Association of Pakistan, Tahir Jahangir stated that the month of... Published 01 Apr, 2023 06:21am
Print Collection of sales tax on services: Centre, provinces agree on ‘place of supply rules’ ISLAMABAD: The federation and provinces were unanimous on the common rules in place of supply (Place of Supply ... Updated 29 Mar, 2023 09:10am
Print Tax evasion: FBR admits it lacks capacity to analyse big data ISLAMABAD: The Federal Board of Revenue (FBR) has admitted that the tax machinery lacks the capacity to analyse big... Updated 28 Mar, 2023 08:46am
Business & Finance KTBA requests SRB to reverse ‘portal changes’ KARACHI: Karachi Tax Bar Association (KTBA) has requested the Sindh Revenue Board (SRB) to reverse the change made ... Published 28 Mar, 2023 06:21am
Pakistan Issue of sales tax value on sugar supply still pending in LHC ISLAMABAD: The Federal Board of Revenue (FBR) has not fixed the minimum value on the supply of sugar for sales tax... Published 24 Mar, 2023 05:55am
Print Jan, Feb 2023: FBR pays Rs45bn to exporters despite slow FASTER system ISLAMABAD: The Federal Board of Revenue (FBR) has never stopped payment of sales tax refunds under the FASTER system... Updated 21 Mar, 2023 08:55am
Print Exporters detect ‘flaws’ in FBR’s new refund procedure ISLAMABAD: Prominent exporters have pointed out some serious flaws in the revised procedure of the Federal Board of... Updated 20 Mar, 2023 08:59am
Print Slow pace of $304m PRIDE programme perturbs World Bank ISLAMABAD: The World Bank (WB) has expressed concern over the slow pace of the progress on simplification and... Updated 20 Mar, 2023 08:58am
Print Specified goods, services: FBR disallows ST refunds to 5 export-oriented sectors KARACHI: Federal Board of Revenue (FBR) has disallowed the sales tax refunds of number of specified goods and... Updated 18 Mar, 2023 09:12am
Print FBR issues negative list of 714 goods ISLAMABAD: The Federal Board of Revenue (FBR) has issued a list of 714 items on which input tax adjustment shall not... Updated 17 Mar, 2023 09:16am
Print Telecom sector: FBR to implement single ST return portal as pilot project ISLAMABAD: The Federal Board of Revenue (FBR) has decided to implement the single sales tax return portal initially... Updated 17 Mar, 2023 09:14am
Print Automated refunds: FBR to apply new risk parameters for processing ISLAMABAD: The Federal Board of Revenue (FBR) will apply new risk parameters for processing the automated sales tax... Updated 17 Mar, 2023 09:16am
Business & Finance More tax on luxury goods lauded KARACHI: Imposing of 25% sales tax on the import and local supply Of luxury items is a wonderful step to discourage... Updated 13 Mar, 2023 06:44pm
Business & Finance Lucky Motor raises KIA car prices Lucky Motor Company (LMC) passed on the impact of recent increase in sales tax from 18% to 25% on KIA vehicles... Published 11 Mar, 2023 08:32pm
Business & Finance KPRA collects Rs20.21bn in 8 months PESHAWAR: The Khyber Pakhtunkhwa Revenue Authority (KPRA) records 31% growth in the first 8 months of the financial... Published 09 Mar, 2023 06:23am
Print ST on chronic power defaulters: FBR, PD fine-tuning recovery mechanism ISLAMABAD: Federal Board of Revenue (FBR) and Power Division are giving final shape to mechanism for recovery of... Updated 09 Mar, 2023 08:52am
Business & Finance Effective from March 8th: 25pc ST on luxury goods notified ISLAMABAD: The Federal Board of Revenue (FBR), from March 8, imposed 25 percent sales tax on the import and local... Updated 09 Mar, 2023 08:51am
Business & Finance Industrial, commercial bodies hold rally against govt policies FAISALABAD: The heads and representatives of industrial and commercial organizations rejected these policies due to... Published 09 Mar, 2023 06:23am
Print FBR unveils updated ST and FED laws ISLAMABAD: The Federal Board of Revenue (FBR) has issued the updated Sales Tax Act, 1990 and Federal Excise Act up... Updated 08 Mar, 2023 08:37am
Print FBR restores ‘FASTER’ system ISLAMABAD: The Federal Board of Revenue (FBR), Tuesday, restored “FASTER” system for speedy payment of sales tax... Updated 08 Mar, 2023 08:41am
Business & Finance FBR imposes sales tax on import of printed materials ISLAMABAD: The Customs Classification Committee of the Federal Board of Revenue (FBR) has imposed sales tax on the... Published 04 Mar, 2023 06:10am
Print 25pc ST on luxury goods’ import awaits cabinet’s nod ISLAMABAD: Federal Cabinet has yet not approved 25 percent sales tax on the import of hundreds of luxury items and... Updated 04 Mar, 2023 09:03am
Business & Finance Textile exporters: FBR vows to ensure speedy refund payments ISLAMABAD: The Federal Board of Revenue (FBR), Wednesday, assured textile exporters of restoring speedy payment of... Published 02 Mar, 2023 06:23am
Print 17pc tax applicable on mobile phones valuing above $200 ISLAMABAD: There is no change in sales tax regime of locally manufactured mobile phones and imported mobile phones... Updated 01 Mar, 2023 09:04am
Editorials Sensitive Price Index: data firm yet sensitive EDITORIAL: The Sensitive Price Index (SPI) computed on weekly basis to assess the price movement of 51 essential... Published 28 Feb, 2023 06:15am
Print 25pc GST on luxury items: FBR will move a summary ISLAMABAD: The Federal Board of Revenue (FBR) will move a summary to the federal cabinet for imposing a higher rate... Updated 28 Feb, 2023 09:36am
Print Sales tax, other issues: FBR invites textile exporters to a moot ISLAMABAD: The Federal Board of Revenue (FBR) has invited all textile exporters to a moot at FBR headquarters on... Updated 27 Feb, 2023 08:43am