FBR updates, income tax, budgets and markets for Pakistan
10 articles
Sindh Revenue Board collects record revenue in December. Here is a good news that Sindh Revenue Board (SRB) has made a record revenue collection of Rs 17.6 billion in December 2022. According…
Sindh Revenue Board Contributed to the Flood Relief Fund:. Currently, Pakistan is affecting a great loss of important human causalities along with infrastructure damage due to floods. In this difficult time, everyone…
Achieving yet another significant milestone towards digitization & data integration to facilitate taxpayers, promote ease of doing business, harmonizing Sales Tax & reduce compliance costs, FBR has launched its National Sales Tax…
The launch of single sales tax return will help the authorities to prevent tax evasion and end the phenomenon of fake and flying invoices. The Federal Board of Revenue (FBR) said that…
Building further on its ongoing drive for digitization to facilitate the taxpayers, promote ease of doing business and reduce compliance costs, FBR achieved one more milestone by developing National Sales Tax Return.…
The telecommunication companies, courier companies, and big services providers would file a single sales tax return from January 2022 instead of multiple sales tax returns with the provincial revenue authorities of Punjab,…
Sindh Revenue Board (SRB) has categorically conveyed to the Federal Board of Revenue (FBR) that it would continue to collect sales tax on Toll Manufacturing, despite National Tax Council’s (NTC) decision allowing…
Meetings held with different chambers of commerce and taxpayer associations. In a press release on Monday, the Sindh Revenue Board (SRB) approved a proposal for tax incentive scheme. Under this scheme penalties…
According to provincial tax administration, the first target set for the National Tax Council (NTC) was an agreement on a common definition of "goods" and "services". He added that if the formation…
Sindh Revenue Board (SRB) has notified sales tax rates on services rendered by restaurants in the province. The SRB issued working tariff on November 01, 2020 updating rates of sales tax on…