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Withholding tax to be withdrawn on filers

Withholding tax on cash withdrawal to be abolished for tax filers Withholding tax on cash withdrawal to be abolished for tax filers

Extension in audit deadline sought

Extension in audit deadline sought KARACHI: The Pakistan Tax Bar Association on Monday sought from government another three months till March 31, 2019 to settle cases automatically selected for audit.Earlier, the government had...

FBR has not imposed any new tax on household gas and electrical appliances, tiles, tyres etc.. these goods were chargeable to sales tax on retail price basis.

Federal Board of Revenue (FBR), Government of Pakistan Federal Board of Revenue a state owned agency of Government Pakistan , dealing with customs , Income Tax, Sales Tax , Federal Excise and Inland Revenue.

he two percent extra sales tax has also become applicable on the import of items, which were recently excluded from Third Schedule of the Sales Tax Act under SRO 896(I)/2013. Explaining the rationale behind recently issued notifications by the Federal Board of Revenue, a renowned sales tax expert of Karachi Arshad Shehzad told this scribe that the through SRO 896(I)/2013, the FBR has omitted certain items from the Third Schedule of the Sales Tax Act, 1990, and in lieu imposed a two percent additional tax on these items to be paid by manufacturers.

SRO 896(I)/2013: two percent extra ST imposed on import of items | Business Recorder The two percent extra sales tax has also become applicable on the import of items, which were recently excluded from Third Schedule of the Sales Tax A

The Federal Board of Revenue Friday introduced an anti-documentation measure by waiving off the condition of seeking CNICs, NTNs and addresses of unregistered retailers, reduced withholding sales tax rate on purchases from unregistered persons from 17 to 1 percent, 2 percent extra sales tax on over 50 items and charge 3 percent sales tax on import and supply of fabrics. In this regard, the FBR has issued five notifications here on Friday.

Unregistered retailers: FBR waives off CNIC-NTN condition | Business Recorder The Federal Board of Revenue Friday introduced an anti-documentation measure by waiving off the condition of seeking CNICs, NTNs and addresses of unre

Federal Board of Revenue (FBR) Chairman Tariq Bajwa on Friday said the FBR is planning to place certain checks on obtaining new Sales Tax Registration Numbers (STRNs). The checks include mandatory digital photographs of declared manufacturing/business premises during physical verification.

New STRNS: FBR mulls placing certain checks | Business Recorder Federal Board of Revenue (FBR) Chairman Tariq Bajwa on Friday said the FBR is planning to place certain checks on obtaining new Sales Tax Registration