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ISLAMABAD: In a major move to document unregistered sales tax persons, the Federal Board of Revenue (FBR) has increased the rate of “further sales tax” from 3 to 4 percent in the amended Finance Bill 2023.

Officials told Business Recorder that presently the rate of further tax is 3 percent on the supplies made to the un-registered persons. Under the amended Bill 2023, the rate of “further sales tax” has been increased by one percent to discourage supplies made to the unregistered persons. If a person intended to remain out of the sales tax net, he would pay higher rate of further tax at the rate of 4 percent.

Govt accused of giving boost to undocumented retail sector thru budget

This is a documentation measure to discourage persons making supplies to the un-registered persons, they added. The requirement of shop areas for tier-1 retailers has been withdrawn under the Finance Bill 2023. Under the amended Finance Bill 2023, the 5 percent sales tax would be applicable on DAP fertiliser. This is subject to the condition that no refund of excessive input tax, if any, shall be admissible.

Copyright Business Recorder, 2023

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BIZZ Jun 26, 2023 01:52pm
Request to FBR/Government: Please go and get people in the tax net instead of hiding behind desks and increasing tax rates for "unregistered" individuals/businesses. It is the honest person who is registered who ends up paying all this extra tax on behalf of "unregistered" businesses/individuals because he wants to keep his business going. With so many "unregistered" all over the place, it is the poor registered taxpayer who is forced to pay extra tax on their behalf to keep his business running otherwise nobody will supply him his required goods. If a taxpayers' production machine breaks downs and he tries to get parts from the local market, they shoo him away if he even talks about tax on spare purchase. Then to save his production/investment, the taxpayers ends up paying extra in the government kitty as otherwise FBR will come and penalize him due to his documented purchase. This is completely unfair.
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Bilal Arshad Deo Jun 26, 2023 02:30pm
@BIZZ, Country is running over property files, black money, seller not producers. Every department facilitate through back doors by supporting tax evasion Salaried class is forced to take full burden Billions in pension (only facilities and basic food and needs coverage)
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Aftab Hussain Jun 27, 2023 04:31pm
Govt is killing Dame's in Pakistan by imposing taxes۔ Govt should cut spendings of luxurious life style of politicians and Govt employees۔
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