Duty schedules for imports under China FTA revised
KARACHI: Government of Pakistan has revised the schedule of taxation/duty on imports from China under the Free Trade Agreement (FTA), wherein just one duty/tax slab has been fixed ranging zero…
Pakistan restores concessions on PV solar panel import
KARACHI: Federal Board of Revenue (FBR) has notified that Photovoltaic Modules solar panels will be treated as not-manufactured locally till June 30, 2018 for the purpose of exemptions and concessions…
Lower WHT rates on non-cash banking transactions extended
KARACHI: The Federal Board of Revenue (FBR) has once again extend the application of 0.4 percent withholding tax on non-cash banking transactions made by non-filers of income tax returns for…
Sales tax on electricity increased for steel industry
KARACHI: The Federal Board of Revenue (FBR) has enhanced the rate of sales tax to 10.5 percent from 9 percent on each unit of electricity consumed for the production of…
Order reserved in application against encashment of differential amount
KARACHI: The Special Customs Appellate Tribunal comprising Member, Judicial Nadeem Qureshi and Member Technical Nazim Saleem on Monday reserved orders in two urgent applications filed by Swan International and Zainab…