Licence mandatory to integrate retailers through software: FBR LAHORE: The Federal Board of Revenue (FBR) has notified that no person would be allowed to carry out integration of... Published 31 Aug, 2021 04:03am
Pakistan 'Forced' registration of businesses for sales tax: Businesspeople decide to hold anti-FBR demo ISLAMABAD: The business community across the country has decided to hold protest demonstration in front of Federal... Published 30 Aug, 2021 06:33am
Print July: Over Rs65bn GST on crude oil import collected ISLAMABAD: The Federal Board of Revenue (FBR) has collected over Rs65 billion sales tax on the import of crude oil... Updated 28 Aug, 2021 01:39pm
Print Steel, oil & ghee industry supplies: New tax law may grant exemption from 3pc further GST ISLAMABAD: The Tax Laws (Third) Amendment Ordinance, 2021 is expected to exempt steel sector and ghee and cooking ... Updated 26 Aug, 2021 12:06pm
Business & Finance Persons registered in AJK, GB: FBR to allow input tax credit against e-data of supplies ISLAMABAD: The Federal Board of Revenue (FBR) will allow input tax credit against electronic data of supplies by the... Published 25 Aug, 2021 04:43am
Print Wapda projects: AGP detects Rs3bn malfeasance in deduction, payment of WHT ISLAMABAD: The Auditor General of Pakistan (AGP) has detected discrepancies of around Rs3 billion in deduction and... Updated 24 Aug, 2021 01:30pm
Print All Inland Revenue services to remain unavailable for few hours daily ISLAMABAD: The Federal Board of Revenue (FBR) Sunday announced that all Inland Revenue services including Iris, ... Updated 23 Aug, 2021 11:03am
Print Fertilizer industry input-output GST mismatch: Amendment to Finance Act can help resolve issue ISLAMABAD: The Federal Board of Revenue (FBR) may address the issue of sales tax collection mechanism on fertilizer... Updated 19 Aug, 2021 10:58pm
Print Tax Laws (Third) Amend Ord being promulgated: Anomalies in Finance Act 2021 to be rectified ISLAMABAD: The government has decided to promulgate Tax Laws (Third) Amendment Ordinance, 2021, to introduce some... Published 19 Aug, 2021 02:56am
Print Ex-mill value of white crystalline sugar fixed at Rs72.22/kg ISLAMABAD: The Federal Board of Revenue (FBR) has fixed Rs72.22 per kg as the ex-mill value of white crystalline... Updated 17 Aug, 2021 09:52am
Print POS service fee: T-1 retailers to collect Re1 per invoice: FBR ISLAMABAD: The Federal Board of Revenue (FBR) Monday directed big retailers that the point of sale (POS) service fee... Updated 17 Aug, 2021 09:57am
Print FED, GST deadlines extended ISLAMABAD: The Federal Board of Revenue (FBR) has extended the date for payment and submission of sales tax and... Published 15 Aug, 2021 03:06am
Pakistan KTBA sends letter to FBR chairman KARACHI: Karachi Tax Bar Association (KTBA) has suggested to the Federal Board of Revenue (FBR) to direct all... Published 14 Aug, 2021 03:41am
Business FBR to apply WHT on online marketplaces from next month LAHORE: The Federal Board of Revenue (FBR) has set September 1, 2021 as the effective date for the withholding of ... Published 13 Aug, 2021 04:44am
Pakistan FBR IR, customs 2019-20: AGP unearths over Rs133.5bn irregularities ISLAMABAD: The Auditor General of Pakistan (AGP) has unearthed financial and procedural irregularities of over... Published 11 Aug, 2021 04:27am
Business Taxes, levies of B’stan: Tripartite agreement signed for receipts collection QUETTA: A tripartite agreement was signed between the Balochistan Finance Department, State Bank of Pakistan (SBP)... Published 10 Aug, 2021 04:39am
Print Steel, scrap: FBR fixes higher values for enhanced ST collection ISLAMABAD: The Federal Board of Revenue (FBR) has fixed higher values of locally-produced steel and scrap products... Updated 06 Aug, 2021 11:17am
Business & Finance Rise in inflation: Marginal impact of revenue generating measures: SAPM LAHORE: Special Assistant to Prime Minister (SAPM) on Revenue Dr Waqar Masood has said that there is a marginal... Published 05 Aug, 2021 04:34am
Print Value of supplies: Tax on online marketplaces to be applicable from Sep 1 ISLAMABAD: The Federal Board of Revenue (FBR) has notified September 1, 2021 as the effective date for applicability... Updated 05 Aug, 2021 10:09am
Print Tobacco, sugar, fertiliser and cement: Manufacturers told to obtain registration certificates ISLAMABAD: The Federal Board of Revenue (FBR) has directed manufacturers of tobacco, sugar, fertiliser, cement, and... Published 04 Aug, 2021 02:08am
Print Monthly FBR target achieved on July 30 by ‘big margin’ ISLAMABAD: The Federal Board of Revenue (FBR) has provisionally collected over and above Rs410 billion during July... Published 31 Jul, 2021 02:54am
Print Taxmen deputed at big retail outlets to monitor sales Presence of IR officers force the retailers to get themselves registered with the POS system of the FBR Underlying rationale is to give incentives to the taxpayers in order to broaden the tax base Updated 30 Jul, 2021 09:22am
Opinion Price hike challenge This is apropos a Business Recorder news item "Ex-mill ST step taken to forestall sugar price hike" carried by the... Published 29 Jul, 2021 04:48am
Business Single identifier number for domestic taxes launched ISLAMABAD: The Federal Board of Revenue (FBR) has launched a single identifier number for all domestic taxes. ... Published 29 Jul, 2021 04:48am
Print Ex-mill sales tax step taken to forestall sugar price hike Cabinet gives approval to the auction of next generation mobile spectrum Also approves the Advertisement Policy 2021, which envisages issuance of ads to digital media as well, says information minister Updated 28 Jul, 2021 09:22am
Business & Finance Importers: FBR to relax conditions for obtaining 'UUIs' ISLAMABAD: The Federal Board of Revenue (FBR) has decided to relax conditions for the importers for obtaining ... Published 27 Jul, 2021 04:40am
Print ST on petrol reduced ISLAMABAD: The Federal Board of Revenue (FBR), Monday, further reduced sales tax on petrol from 16.30 percent to... Published 27 Jul, 2021 02:25am
Print PL cut, waiver on POL products: Rs10bn negative revenue impact projected ISLAMABAD: The government reduced the rate of petroleum levy (PL) on High Speed Diesel (HSD) - from Rs 3.61 per ... Updated 24 Jul, 2021 10:44am
Print Erstwhile Fata: Tax exemptions given to mainstream geographic areas: FBR ISLAMABAD: Pakistan has a unique case of exemptions in erstwhile Federally Administered Tribal Areas (Fata), where... Published 24 Jul, 2021 02:30am
Print Govt decides to reverse sales tax on sugar to ex-mill rate ISLAMABAD: The government, in order to ensure reasonable reduction in the sugar price, on Monday decided to reverse... Published 20 Jul, 2021 06:33am
