Category Archives: Inland Revenue

SRB suspends sales tax registration of M/s. Fiber Link

KARACHI: Sindh Revenue Board (SRB) has suspended sales tax registration of M/s. Fiber Link (Private) Limited for failing to make payment and filing of monthly sales tax returns.

SRB restores sales tax registration of M/s. Multinet Pakistan

KARACHI: Sindh Revenue Board (SRB) has restored sales tax registration of M/s. Multinet Pakistan Pvt Limited with immediate effect, which was suspended for non-compliance with payment and return filing.

FBR notifies enhanced FED on cigarettes, cement

ISLAMABAD: Federal Board of Revenue (FBR) on Thursday notified federal excise duty on cigarettes enhanced through Finance Act, 2018.

FBR clarifies out of court settlement through fake notification

ISLAMABAD: Federal Board of Revenue (FBR) on Thursday clarified that it has not issued any notification regarding out of court settlement of outstanding amount.

Advance booking of cars to be cancelled for non-filers

KARACHI: Car assemblers have warned general public that their advance booking may be cancelled in case they are not filer of income tax returns at the time of delivery i.e. after July 01, 2018.

FBR withdraws zero-rate facility from textile unit

KARACHI: Federal Board of Revenue (FBR) has withdrawn zero-rated facility allowed on supply of gas to a Karachi-based textile unit.

Raw material importers express disappointment over abolishing FTR

KARACHI: The importers of raw materials have expressed disappointment over abolishing final tax regime (FTR) and termed the imposition of minimum tax at six percent as injustice to them.

SRB revokes suspension of sales tax registration of Wateen Telecom

KARACHI: Sindh Revenue Board (SRB) has revoked the suspension of sales tax registration of M/s Wateen Telecom on payment of outstanding amount.

NCCPL to collect capital gain tax for April on May 30

KARACHI: National Clearing Company of Pakistan Limited (NCCPL) on Monday announced it will collect capital gain tax arising on disposal of shares at Pakistan Stock Exchange (PSX) for the month of April 2018 on May 30.

FBR promotes IT cadre officials to BS-17

ISLAMABAD: Federal Board of Revenue (FBR) has promoted officials of IT Cadre to BS-17 as Assistant Director (MIS) on regular basis with immediate effect.