Corporate Tax Office Lahore imposes penalty on 35 Tier-1 Retailers
The Corporate Tax Office (CTO) Lahore has imposed penalty of reducing adjustable input tax by 60%…
List of sales tax exemptions granted in budget 2021-2022
Under section 13 of The Sales Tax Act 1990, the Sixth Schedule of the Sales Tax Act, 1990…
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…
FBR Issues clarification on withholding tax on medicine traders
FBR Issues Clarification“Federal Board of Revenue (FBR) has issued a clarification on a…
FBR Records historic growth again in May, 18% Growth in 11 Months
Federal Board of Revenue (FBR) has released the provisional revenue collection figures for the first…
Sales Tax Relief by Punjab Revenue Authority
Through the Finance Act, 2020, the Government of the Punjab reduced the rate of Punjab Sales Tax on…
Clearance in Sky: Pakistan Customs introduced a pre-arrival clearance facility
Pakistan has introduced a system for pre-arrival clearance of imported goods coming through the air…
Massive increase in profitability of listed companies
Reason of increased profitabilityProfitability of listed companies increase by a massive 43% as…
Changes in rates of withholding tax on sales to retailers, wholesalers, distributors
Federal Board of Revenue (FBR) issued changes in withholding tax rates on sales made. Sales made by…
