Federal Board of Revenue (FBR) Chairman Asim Ahmad Wednesday decided to convene a special Chief Commissioners’ conference and Chief Collector conference of tax offices located in Sindh to devise a strategy for the second quarter (2022-23) to overcome the revenue shortfall of Rs. 21 billion in ...

The Federal Board of Revenue (FBR) has given a new facility to the refund claimants to file their non-export related sales tax refund claims under the Expeditious Refund System (ERS) or can go to the regional tax offices for filing claims through the old ‘STARR’ system. The FBR has conveyed ...

The Federal Board of Revenue (FBR) has offered some clarity regarding the matter of sales tax on buying and selling of used cars in the market. The news fell on the entire automotive market like a ton of bricks, sending both the buyers and sellers of the car into a state of panic. To gain a bit ...

ISLAMABAD-The government under its Agricultural Fiscal Package has approved Rs 1.5 billion sales tax subsidy on locally manufactured tractors in order to promote mechanization in agriculture sector to enhance per-acre crop output in the country.         The ...

ISLAMABAD-Sindh Revenue Board collected total revenue of Rs105.9 billion includes record receipts of Rs 100.3 billion of Sindh sales tax during 2019-20, which reflects a growth of 5.6% despite the general economic slowdown during the year, and the fall out of COVID-19 pandemic in the last four ...

*ISLAMABAD - In order to promote digital economy, the Federal Board of Revenue (FBR) has reduced sales tax on mobile phones.* “Ninth Schedule to the Sales Tax Act 1990 has been amended and sales tax on the mobile phones upto the value of 30 US dollars has been reduced from Rs130 to Rs100 and ...

ISLAMABAD: The tax department has reduced sales tax on imported mobile phones from Rs1,320 to Rs200 per set. According to documents available with this scribe, FBR has reduced sales tax from Rs130 to Rs100 on imported mobile phone valuing up to $30 and from Rs1320 to Rs200 on phones valuing up to ...

ISLAMABAD: Advisor to Prime Minister on Finance and Revenue, Dr. Abdul Hafeez Shaikh on Tuesday accepted the demand of textile exporters, allowing them payment of sales tax refund, for the month of August and July, through old Expeditious Refund System (ERS) system. Talking to a delegation of ...

ISLAMABAD - The Federal Board of Revenue (FBR) has extended the date for submission of sales tax and federal excise returns for the period of August from September 18th to September 20th, 2019. Meanwhile, the FBR has also extended the date for the submission of licencing applications for ...

ISLAMABAD - The Commerce Ministry has proposed harmonized provincial sales tax regime through the application of uniform sales tax rates on services by avoiding double taxation and simplifying the filing procedure for online businesses under the draft e-commerce policy. The currently applicable ...