Month: October 2020
IMF reports stagflation in Pakistan
A d v e r t i s e m e n t Pakistan’s economy may grow by 1%, inflation… Read More
Free use of foreign currency account outside Pakistan stopped by government
In an effort to document economy, dismantle manipulations of foreign currency markets and money laundering, the Federal Government has notified… Read More
FBR upgrades FASTER to FASTER PLUS system for issuance of Refunds
STARR system FBR’s automation process of refund of Sales Tax started in 2002. Through introduction of STARR system a semi-automated… Read More
Taxation of gifts in Pakistan
When Gifts Treated as Income ? The FBR will consider provision of gift from closed blood relations. If received through cross cheque… Read More
Persons required to get sales tax registration with FBR
According to section 14 of the Sales Tax Act, 1990, every person who is involved in supplying of "taxable supplies"… Read More
FBR issued valuation for sale of used cars for purpose of collecting sales tax.
Federal Board of Revenue (FBR) issued valuation for sale of used cars for purpose of collecting sales tax. A d… Read More