Category Archives: Budget 2015-16

Withholding Tax Card 2016/2017: payment on prize bonds, lottery

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KARACHI: The Federal Board of Revenue (FBR) has updated withholding tax rates on payment of prize bonds and winnings of lottery or promotion of sales from the gross amount paid to filers and non-filers of income tax returns during fiscal year 2016/2017.

Withholding Tax Card 2016/2017: export proceeds

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KARACHI: The Federal Board of Revenue (FBR) has updated withholding tax rates on proceeds of exports to be applicable for fiscal year 2016/2017.

Retailers, wholesalers required to charge sales tax on sugar supplies

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KARACHI: Retailers and wholesalers have been required to charge sales tax on supply of sugar at eight percent under new reduced sales tax regime for sugar sale.

FBR directs customs, IR officials to enforce abolition of zero-rating on milk

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KARACHI: The Federal Board of Revenue (FBR) has directed officials of Pakistan Customs and Inland Revenue to enforce abolition of zero-rated sales tax on supply of milk and fat filled milk.

FBR directs customs not to allow zero-rating on stationary import on previously issued exemption certificates

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KARACHI: Federal Board of Revenue (FBR) has directed customs authorities disallow zero-rating of sales tax on import of stationary items as all exemption certificates issued by concerned commissioners Inland Revenue become null and void effective from July 01, 2016.

Withholding Tax Card 2016/2017: payments for goods and services

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KARACHI: The Federal Board of Revenue (FBR) has updated withholding tax rates on payments for goods, services and contracts applicable for filers and non-filers of income tax returns during fiscal year 2016/2017.

Withholding Tax Card 2016/2017: payment to non-residents

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KARACHI: Federal Board of Revenue (FBR) has notified withholding tax rates on payment to non-residents at different rates to be collected from filers and non-filers of income tax return applicable during 2016/2017.

Withholding Tax Card 2016/2017: profit on debt

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KARACHI: Federal Board of Revenue (FBR) has notified withholding tax rates on profit on debt at different rates from filers and non-filers of income tax return applicable during 2016/2017.

Withholding Tax Card 2016/2017: imports

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KARACHI: Federal Board of Revenue (FBR) has notified the updated table mentioning the different rates of withholding tax applicable on filers and non-filers of income tax return on their imports during fiscal year 2016/2017.

FBR notifies amendments to advance tax for filers, non-filers on motor vehicle registration

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KARACHI: The Federal Board of Revenue (FBR) on Saturday notified amendment to collection of advance tax on registration of motor vehicles in Pakistan in its updated Income Tax Ordinance, 2001 up to June 30, 2016.