Urea price expected to increase before January end

KARACHI: Decision made by the Government to restrict claimability of input sales tax from unregistered consumers through the Tax Laws (Second Amendment) Ordinance 2019 is expected to increase price of Urea by Rs 40/Bag by the end of January. The objective of this amendment through Presidential Ordinance is to bring… Continue reading

Tax Laws (Second Amendment) Ordinance, 2019 provides harsh penalties for sales tax evasion

KARACHI: The government of Pakistan has promulgated the Tax Laws (Second Amendment) Ordinance, 2019, which notifies several amendments in the Sales Tax Act, 1990. It provides penalties for the persons and businesses avoiding monitoring, tracking and reporting of sales, production and similar business transactions with the Federal Board of Revenue…. Continue reading