Islamabad: Imposition of general sales tax on machinery imports is detrimental for expansion of industrial base in Pakistan, an official of Federation of Pakistan Chambers of Commerce and Industry (FPCCI) said Sunday. Slapping 17 per …

KARACHI: Adviser to the Sindh Chief Minister for Planning and Development, Kaiser Bengali, has welcomed the passage of Sindh Sales Tax on Services bill and termed it a remarkable victory of the present ruling setup. …

ISLAMABAD: Federal Board of Revenue (FBR) has decided to enforce by April 15 the return filing of top 1000 corporate non-filers and top 1000 corporate short-filers of sales tax for the period between July 2010 …

Islamabad:The Pakistan Economy Watch (PEW) on Saturday said that two per cent hike in power tariff is a serious blow to economy and poor people. Power tariff hike coupled with recent policy rate review amounts …

The government has decided that the reformed GST will be implemented in phases, almost all issues have been finalized and it is just formality that all the provinces and the centre agree on the implementation …

ACCA Pakistan has submitted budget proposals 2009-10 to the FBR. The budget proposals were finalized after a consultative process initiated by ACCA Pakistan Budget and Taxation sub-committee and involved all ACCA members. …

ISLAMABAD: Federal Board of Revenue (FBR) collected Rs 628.22 billion of revenues during first seven months (July-January) of the current fiscal year 2008-09, showing an increase of 22.6 per cent over the corresponding period of …

ISLAMABAD: Representatives of Pakistan Telecom Industry called on the Secretary Investment, Mr. Ashraf Hayat on Monday in the office of Board of Investment Islamabad. The agenda was to discuss various issues and concerns …

ISLAMABAD: Federal Tax Ombudsman Justice ® Munir A. Sheikh has asked Federal Board of Revenue (FBR) to rescind Order-In-Appeal and Order-In-Original issued by Sales Tax Department to the Complainant. This decision was taken by the …

ISLAMABAD: After the amendments in the Sales Tax Act, 1990, through the Finance Act, 2008, the applicable rate of sales tax on items in Third Schedule of The Sales Tax Act, 1990, has been increased …