Crackdown on Illegal Cigarette Sellers Lauded
As the country grapples with persistent economic hardships and a shortage of foreign reserves to cover its import bills, the government is leaving no stone unturned in its efforts to…
Retailers Urge Government to Reconsider FED increase on Cigarettes, Request Meeting
Lahore: The All-Pakistan Central Union Pan-Cigarette Beverage Retailers has called the extraordinary increase in the Federal Excise Duty rate on cigarettes a threat to the survival of pan-cigarette retailers. The…
FBR not to register secondhand car showrooms as retailers: FTO
KARACHI: Federal Tax Ombudsman (FTO) Asif Mehmood Jah has directed FBR to issue clarification to the field formations regarding the matter of showroom owners who deals with resale/purchase of secondhand…
FTO directs FBR to remove shortcomings and plug loopholes in point of sale regime,
KARACHI: Tax Ombudsman Asif Mehmood Jah has directed FBR to enforce effective monitoring and enforcement mechanism plugging all loopholes in point of sale regime. FTO’s recommendations were made while conducting…
Government proposes up to Rs50,000/month fixed tax on retailers
KARACHI: The Finance Bill 2022 has proposed a fixed income and sales tax for small-scale retailers ranging from Rs3,000 to Rs5,000 per month depending on the monthly electricity consumption. Federal…
FBR to issue new rules for bringing retailers in to registration
ISLAMABAD: FBR has decided to issue new rules for bringing mega retailers outlets and shopping malls into registration through point of sale system, The News reported. The computerised machines will…
Study finds that sustainable sourcing is at the core of EU business considerations
BRUSSELS: A 98.5% of retailers interviewed in five EU Member States consider sustainability as a factor in product sourcing, according to a report by the International Trade Centre (ITC). The…
FBR takes measures for making paying taxes and duties more convenient
KARACHI: Through better and more extensive use of information technology, the Federal Board of Revenue (FBR) has introduced several measures to simplify procedures for paying taxes and to minimize contact…