How FBR is going to collect New Taxes

How FBR is going to collect New Taxes

ISLAMABAD: Federal Board of Revenue has decided to introduce a scheme to bring back capital of offshore companies in Pakistan while package is being prepared by FBR in this regard.

As per details, declaring Pakistan cricket series in Dubai as foreign series, tax on cricket board revenue has also been heavily increased by FBR.

FBR for the first time has recognized the users of mobile phones as taxpayers.

FBR Officials revealed that 2% additional sales tax has been imposed on unregistered retailers while 5% sales tax would have to paid over the sale of imported products in local market.

 

Fabrics, shoes and leather products can become expensive due to increase of sales tax.