Waiver of tax relief: FBR yet to begin refund payments to various sectors ISLAMABAD: The Federal Board of Revenue (FBR) has yet to begin payment of sales tax refunds to various sectors... Updated 01 Apr, 2022 10:20am
Markets Cooking oil: Govt urged to collect sales tax on basis of $750 per ton price KARACHI: M Bashir Janmohammed, Chairman, Pakistan-Malaysia Business Council (PMBC) has urged the federal government... Published 31 Mar, 2022 05:11am
Business & Finance ‘Faster-pharma’ rules of FBR: Sector planning to move high court ISLAMABAD: The pharmaceutical sector is planning to challenge the “FASTER-Pharma” rules of the Federal Board of... Published 31 Mar, 2022 05:11am
Markets Budget proposals: PYMA demands cut in taxes, duties KARACHI: Pakistan Yarn Merchants Association (PYMA) has proposed the government to cut Customs Duty, Sales Tax,... Published 29 Mar, 2022 05:49am
Business & Finance First four months of current sugarcane crushing season: FBR collects Rs26.5bn sales tax ISLAMABAD: The Federal Board of Revenue (FBR) has collected sales tax of Rs 26.5 billion in first four months (i.e.... Published 27 Mar, 2022 06:23am
Print Share of domestic taxes decreases in the collection pie ISLAMABAD: The share of domestic taxes in overall tax collection of the Federal Board of Revenue (FBR) has declined... Updated 21 Mar, 2022 09:28am
Print GST registrations: FBR launches physical verification of manufacturers ISLAMABAD: In a major move to check fake sales tax registrations of manufacturers, the Federal Board of Revenue ... Updated 20 Mar, 2022 09:01am
Print GST calculation, levy: FBR clarifies discount on standardized tax invoice ISLAMABAD: The Federal Board of Revenue (FBR), Friday, clarified that the sales tax will be calculated and charged ... Updated 19 Mar, 2022 04:23pm
Print Seeds including rice seeds not exempted from ST: FBR ISLAMABAD: The Federal Board of Revenue (FBR) has categorically ruled that the seeds including rice seeds are not... Updated 17 Mar, 2022 09:54am
Pakistan Massey Ferguson Tractors unit: NFS&R voices its concern over closure ISLAMABAD: A parliamentary panel on Wednesday expressing serious concerns over the closure of production unit of... Published 10 Mar, 2022 07:15am
Business & Finance Direct credit into accounts: FBR to e-communicate pharma cos’ RPOs to SBP within 72 hours ISLAMABAD: The Federal Board of Revenue (FBR) will electronically communicate the Refund Payment Orders (RPOs) of ... Published 08 Mar, 2022 05:15am
Pakistan Business community hails PM’s relief package KARACHI: Business and industrial community welcomed the relief measures announced by Prime Minister Imran Khan,... Published 04 Mar, 2022 04:37am
Business & Finance ‘FASTER-Pharma’ Pharmaceutical sector unable to file sales tax refund applications ISLAMABAD: The pharmaceutical sector is unable to file their first sales tax refund applications under the... Published 01 Mar, 2022 05:34am
Business & Finance LCCI urges FBR to release all pending refund claims soon LAHORE: The Lahore Chamber of Commerce & Industry (LCCI) has urged the Federal Board of Revenue to release all... Published 25 Feb, 2022 06:19am
Business & Finance Access to ‘quality seeds’ will be hamstrung by 17pc ST: PHHSA LAHORE: The Pakistan Hi-Tech Hybrid Seed Association (PHHSA) terming the imposition of 17 per cent sales tax on ... Published 23 Feb, 2022 04:54am
Print Refunds under FASTER system: Exporters challenge notices ISLAMABAD: Exporters have challenged notices of the Federal Board of Revenue’s field formations for submission of... Updated 23 Feb, 2022 10:05am
Print ST, federal excise return: FBR extends deadline for payment, submission ISLAMABAD: The Federal Board of Revenue (FBR) has extended the date of payment and submission of sales tax and... Updated 19 Feb, 2022 10:11am
Print Services under ICT (Tax on Services) Ord: FBR rescinds 6 notifications on GST levy ISLAMABAD: The Federal Board of Revenue (FBR) has rescinded six notifications related to the levy of sales tax on... Updated 18 Feb, 2022 09:50am
Business & Finance Tobacco cos: FBR ready to implement track-and-trace system ISLAMABAD: After successful installation of track and trace system at 78 sugar mills, the Federal Board of Revenue... Published 15 Feb, 2022 06:45am
Print Sales tax on light diesel abolished ISLAMABAD: The Federal Board of Revenue (FBR) has abolished sales tax on light diesel oil from January 16, 2022.... Updated 11 Feb, 2022 09:28am
Print Matters relating to sales tax, income tax, FED: FY23 budget to envisage ‘one’ document for business community, general public ISLAMABAD: Business community and general public would be able to have ‘’one’’ tax document in budget... Updated 09 Feb, 2022 09:45am
Print Yet another ‘finance bill’ on its way? Government may withdraw sales tax exemption on fertilisers, pesticides, and tractors next month or in the coming budget Updated 08 Feb, 2022 11:02am
Editorials The IMF tranche EDITORIAL: As expected the International Monetary Fund’s (IMF’s) Board of Directors approved the release of the... Published 07 Feb, 2022 05:22am
Pakistan FBR facing pressure to exempt imported bicycles, sewing machines from ST? ISLAMABAD: There is an immense pressure on the Federal Board of Revenue (FBR) to restore sales tax exemption on... Published 28 Jan, 2022 04:45am
Editorials The widening income versus expense gap EDITORIAL: The budget deficit July-December rose to 1.8 trillion rupees, 29 percent higher than the comparable ... Published 24 Jan, 2022 06:50am
Print Refunds to EPZ foreign investors in USD: FBR to move SBP for clarification ISLAMABAD: The Federal Board of Revenue (FBR) will approach the State Bank of Pakistan (SBP) to seek clarification ... Updated 23 Jan, 2022 10:29am
Print Petitions of EPZ manufacturers: SHC issues notices to federation ISLAMABAD: The Sindh High Court (SHC) has issued notices to the federation on the writ petitions of manufacturers... Updated 23 Jan, 2022 10:21am
Print Deadline extended ISLAMABAD: The Federal Board of Revenue (FBR) has extended the date of payment and filing of sales tax and federal... Published 22 Jan, 2022 05:46am
Print Local supply of plants, machineries: Sales tax zero-rating withdrawn FBR says the zero-rating to crude oil, which was withdrawn through Finance Act, 2021 has also been restored from January 16, 2022 Updated 21 Jan, 2022 09:32am
Print Restaurants, bakeries, caterers: FBR to charge 17pc sales tax ISLAMABAD: The Federal Board of Revenue (FBR) will charge 17 percent sales tax on the food, food stuff, and... Updated 21 Jan, 2022 09:27am