Month: August 2021
Islamabad High Court reserves decision on track & trace system case
The Islamabad High Court (IHC) has reserved their judgment in the case of selection of the successful company for the… Read More
FBR Suspends Sales Tax collection On Sugar from manufacturers
The Federal Board of Revenue (FBR) has suspended the provision of sales tax collection on sugar from the manufacturers on… Read More
FBR removes tax officials despite resistance from tax machinery
The Federal Board of Revenue (FBR) has dismissed 29 officials from civil service on charges of inefficiency and misconduct. These… Read More
Countries with the highest sales tax rate on retailers
An analysis is provided here of different countries with the highest sales tax rates on their retail sector on the… Read More
FBR issued list of identified Tier1 nonintegrated retailers
The Federal Board of Revenue (FBR) has advised Tier-1 Retailers to integrate their systems with the revenue authority, failing which… Read More
FBR fixes value of steel in respect of locally produced goods
The Federal Board of Revenue fixes the value of locally produced steel and scrap goods for the purpose of payment… Read More
SBP launches digital cheques clearing and unified QR Code System
Governor State Bank of Pakistan, Dr. Reza Baqir, announced two new initiatives to facilitate the introduction of digital financial products… Read More
FBR Issues clarification on withholding tax on medicine traders
FBR Issues Clarification "Federal Board of Revenue (FBR) has issued a clarification on a news story titled “1 pc advance… Read More
FBR decides to deny tax refund claims to retailers resisting integration with tax system
The Federal Board of Revenue (FBR) on Tuesday decided to hold 60% of the refund claims to those top tier… Read More
FBR issues procedure for mandatory registration of brand name of businesses
The Federal Board of Revenue (FBR) on Tuesday issued a Sales Tax General Order No. 07 of 2021 Dated: 3rd August 2021.… Read More