Daily Archives: August 6, 2017

FBR notifies changes in regulatory duty regime

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KARACHI: Federal Board of Revenue (FBR) has notified changes in regulatory duty on import of various goods to be implemented during tax year 2018, if not amended by the board.

Up to Rs300,000 to be paid by non-filers on ownership transfer of motor vehicle

fbr

KARACHI: Federal Board of Revenue (FBR) has said that non-filers of income tax return are required to pay up to Rs300,000 for ownership transfer of motor vehicles above 3,000CC engine capacity.

FBR amends sales tax on POL products; application of SRO 713 in question

fbr

ISLAMABAD: Federal Board of Revenue (FBR) has withdrawn the upward increase in sales tax on petroleum products and issued a new notification on Saturday in line with the reduction in POL prices announced by the government.