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Sohail Sarfraz

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FBR abolishes 42 special procedures notified thru STGOs

The Federal Board of Revenue (FBR) Tuesday abolished 42 sales tax procedures dealing with adjustment of sales tax by steel melters, commercial importers, fiscal relief to tribal areas, payment of sales tax on vehicles, refund claims on local supply of zer
Published 10 Jul, 2019 12:00am
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FBR abolishes 42 special procedures notified thru STGOs

The Federal Board of Revenue (FBR) Tuesday abolished 42 sales tax procedures dealing with adjustment of sales tax by steel melters, commercial importers, fiscal relief to tribal areas, payment of sales tax on vehicles, refund claims on local supply of zer
Published 10 Jul, 2019 12:00am
Print

Semi-independent tax authority to be set up: IMF assured

The government has assured the International Monetary Fund (IMF) that a new semi-independent national tax authority would be created to bring the main revenue sources under tax administration reforms. In the IMF Staff Level Report issued here on Monday, P
Published 09 Jul, 2019 12:00am
Print

FBR circular No 7 of 2018: LHC disposes of petitions

Lahore High Court (LHC) has disposed of various petitions wherein FBR's Circular No 07 of 2018 was challenged with the prayer that a taxpayer who had paid tax under amnesty scheme may be allowed to file declaration under the Voluntary Declaration of Domes
Published 09 Jul, 2019 12:00am
Print

Semi-independent tax authority to be set up: IMF assured

The government has assured the International Monetary Fund (IMF) that a new semi-independent national tax authority would be created to bring the main revenue sources under tax administration reforms. In the IMF Staff Level Report issued here on Monday, P
Published 09 Jul, 2019 12:00am
Print

FBR circular No 7 of 2018: LHC disposes of petitions

Lahore High Court (LHC) has disposed of various petitions wherein FBR's Circular No 07 of 2018 was challenged with the prayer that a taxpayer who had paid tax under amnesty scheme may be allowed to file declaration under the Voluntary Declaration of Domes
Published 09 Jul, 2019 12:00am
Print

Semi-independent tax authority to be set up: IMF assured

The government has assured the International Monetary Fund (IMF) that a new semi-independent national tax authority would be created to bring the main revenue sources under tax administration reforms. In the IMF Staff Level Report issued here on Monday, P
Published 09 Jul, 2019 12:00am
Print

FBR circular No 7 of 2018: LHC disposes of petitions

Lahore High Court (LHC) has disposed of various petitions wherein FBR''s Circular No 07 of 2018 was challenged with the prayer that a taxpayer who had paid tax under amnesty scheme may be allowed to file declaration under the Voluntary Declaration of Dome
Published 09 Jul, 2019 12:00am
Print

CCP urges tariff rationalization to control tea smuggling

The Competition Commission of Pakistan (CCP) has strongly recommended Federal Board of Revenue (FBR) and Ministry of Commerce to rationalize taxes including customs tariff on tea to control its smuggling, revisit negative list under the transit trade agre
Published 08 Jul, 2019 12:00am
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CCP urges tariff rationalization to control tea smuggling

The Competition Commission of Pakistan (CCP) has strongly recommended Federal Board of Revenue (FBR) and Ministry of Commerce to rationalize taxes including customs tariff on tea to control its smuggling, revisit negative list under the transit trade agre
Published 08 Jul, 2019 12:00am
Print

CCP urges tariff rationalization to control tea smuggling

The Competition Commission of Pakistan (CCP) has strongly recommended Federal Board of Revenue (FBR) and Ministry of Commerce to rationalize taxes including customs tariff on tea to control its smuggling, revisit negative list under the transit trade agre
Published 08 Jul, 2019 12:00am
Print

All SROs relating to zero-rating facility rescinded

The Federal Board of Revenue (FBR) has rescinded all notifications/orders allowing zero-rating facility of sales tax on electricity, gas, coal, furnace oil and diesel oil to registered persons, including exporters from July 1, 2019. According to the FBR,
Published 07 Jul, 2019 12:00am
Print

All SROs relating to zero-rating facility rescinded

The Federal Board of Revenue (FBR) has rescinded all notifications/orders allowing zero-rating facility of sales tax on electricity, gas, coal, furnace oil and diesel oil to registered persons, including exporters from July 1, 2019. According to the FBR,
Published 07 Jul, 2019 12:00am
Print

All SROs relating to zero-rating facility rescinded

The Federal Board of Revenue (FBR) has rescinded all notifications/orders allowing zero-rating facility of sales tax on electricity, gas, coal, furnace oil and diesel oil to registered persons, including exporters from July 1, 2019. According to the FBR,
Published 07 Jul, 2019 12:00am