May 21, 2022
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Businesses
Industrialists voiced concerns over the Problems in Single Sales tax returns

Industrialists voiced concerns over the Problems in Single Sales tax returns

Industrialists have raised their voice over the issues / problems in the Federal Board of Revenue’s (FBR) IRIS portal of National Single Sales Tax Returns. Even after the FBR had already extended the date to…

TAXATION
FBR’s National Single Sales Tax Return System Fully Functional

FBR’s National Single Sales Tax Return System Fully Functional

The Federal Board of Revenue (FBR) has said that it has resolved all the issues related to the online filing of Single National Sales Tax Return system, and it has now become fully functional. According…

TAXATION
FBR Further Extended Last Date to File National Single Sales Tax Return December 2021

FBR Further Extended Last Date to File National Single Sales Tax Return December 2021

The Federal Board of Revenue (FBR) has extended the last date of payment and filing of National Single Sales Tax and Federal Excise Return for the tax period of December 2021. The FBR issued instructions…

TAXATION
Legal and Operational Issues with National Single Sales Tax Return

Legal and Operational Issues with National Single Sales Tax Return

Federal and provincial taxpayers are facing problems in filing the Federal Board of Revenue (FBR)’s National Sales Tax Return (STR), which was formally launched by Finance Minister Shaukat Tarin on January 7, 2022. Earlier, the…

UPDATES
FBR launched National Single Sales Tax Return Today

FBR launched National Single Sales Tax Return Today

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 Return (NSTR), at…

TAXATION
Launch of single sales tax return to end fake and flying invoices

Launch of single sales tax return to end fake and flying invoices

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 the single sales…

UPDATES
Service providers to file single sales tax returns from January 2022

Service providers to file single sales tax returns from January 2022

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, KPK, Balochistan,…

UPDATES
Single Sales Tax Portal a Step Away

Single Sales Tax Portal a Step Away

Prime Minister Imran Khan is likely to launch the Federal Board of Revenue’s new single sales tax portal for filing of single sales tax returns by all federal and provincial sales taxpayers from November 2021.…

TAXATION
FBR develops Single Sales Tax Portal

FBR develops Single Sales Tax Portal

Building further on its ongoing drive for digitization and automation of various processes involved in revenue collection, Federal Board of Revenue (FBR) has developed “Single Sales Tax Portal” to facilitate the taxpayers and ensure the…