Pakistan Customs, Tax, Shipping & Business News Resource
KARACHI: After abolition of zero-rated tax regime under SRO 1125, purchases (whether through imports or domestic supplies) in textile sector were subjected to sales tax @ 17% and the inputs…
“All the legitimate pending matters of exporters in the hands of Regional Tax Office-III shall be resolved on priority basis.” This was stated by Dr. Amir Ali Khan Talpur, Chief…
KARACHI: The Federal Board of Revenue FBR has advised all Chief Commissioners of Inland Revenue to complete sales tax refund process by the end of this week i.e. April 20,…
ISLAMABAD: The Federal Board of Revenue (FBR) digital refund settlement system (FASTER) has cleared almost 75 percent or R11 billion of total pending sales tax refund claims received since August…
KARACHI: SITE Association of Industry has criticized the poor performance of the recently launched Fully Automated Sales Tax e-Refunds (FASTER) module, and stating contrary to FBR’s claims of processing payments…
KARACHI: A customs appellate bench of High Court of Sindh comprising Justice Abdul Rasool Memon and Justice Faisal Agha on Wednesday hearing eight identical petitions challenging collection of Sales Tax…
KARACHI: The Intelligence & Investigation (I&I) Inland Revenue has lodged an FIR booking three persons for their involvement in receiving sales tax refund on fake and flying sales tax invoices.…
KARACHI: Transparency International Pakistan (TIP) has urged the prime minister to intervene into the affairs of the Federal Board of Revenue (FBR) where rampant corruption is eating billions of public…