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 takes new steps for ease of doing business & taxpayers facilitation
FBR has launched single identifier number for all domestic taxes. Under this initiative a taxpayer…
Taxation and changes for IT and IT enabled services, startups and freelancers
Let us see the taxation of IT and IT enabled services, freelancer and startups. Both income tax and…
Updated Tax Exemptions and Tax Credits for the Financial Year 2021-2022
Income Tax Ordinance, 2001 provides for tax exemptions, tax credits, reduced tax rates, and…
Who is required to Get Register with Point of Sales Software of FBR ?
All tier-1 retailers are required to integrate all their POSs with FBR’s computerized…
Highlights, New Taxes, Relief and Incentive Measures in Budget 2021-2022
The government presented the next fiscal year’s (2021-2022) budget with a total volume of over Rs.
FBR Submits Proposed Tax Exemptions Withdrawal Bill in National Assembly secretariat
The Federal Board of Revenue (FBR) submitted a bill to the National Assembly (NA) secretariat…
Top tax issues of Pakistan in 2020
Tax Potential and its Compliances in PakistanPakistan has a potential of a big economy. About…
Retailers registered with FBR started obtaining CNIC of consumers on sales above than Rs100,000
Retailers registered with the Federal Board of Revenue (FBR) have begun obtaining details of…
FBR issues procedure for cash back refunds of sales tax to customers of Tier-1 retailers
Federal Board of Revenue (FBR) issued procedure for cash back of sales tax amount @5% (five percent)…
