Tag Archives: Sales Tax

Sales tax collection from POL products down by 17.7pc: SBP

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KARACHI: State Bank of Pakistan (SBP) on Thursday said that the collection of sales tax from petroleum products sharply declined by 17.7 percent in fiscal year 2016/2017.

Cabinet approves reduction in sales tax to 6pc on import of finished textile, leather articles

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ISLAMABAD: The federal cabinet on Tuesday approved reduction in sales tax to six percent from 17 percent on ready to use imported finished articles of textile and leather.

FBR allows input adjustment on coal supply

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ISLAMABAD: Federal Board of Revenue (FBR) has allowed input adjustment on supply of coal in case the supply is made by registered persons and value of supply exceeded Rs5000/metric tonne.

KCCI criticizes injustice in sales tax on mobile phones

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KARACHI: Karachi Chamber of Commerce and Industry (KCCI) has opposed uniform sales tax rates for all type of mobile phones saying that it is injustice to down trodden segment of society.

FBR notifies sales tax rate changes on POL products

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ISLAMABAD: Federal Board of Revenue (FBR) has issued notification to change sales tax rates of petrol and high speed diesel (HSD) to be implemented during the month of June 2017.

Zero percent sales tax being charged on kerosene, light diesel oil: finance minister

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ISLAMABAD: Finance Minister Mohammad Ishaq Dar on Monday said that the government is charging zero percent sales tax on kerosene and light diesel oil in order to provide relief to poor consumers.

List of cases selected for sales tax audit

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ISLAMABAD: Federal Board of Revenue (FBR) has selected the following list of cases selected for audit through computer ballot for Tax Period Jul-2014 to Jun-2015 Sales Tax corporate and non-corporate taxpayers.

Sales tax on kerosene, light diesel oil reduced to zero percent

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ISLAMABAD: The government has brought down the sales tax to zero percent on supply / sale of kerosene oil and light diesel oil to prevent masses from higher prices of petroleum products.

Date extended for filing monthly sales tax, federal excise statements

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ISLAMABAD: Federal Board of Revenue (FBR) has extended the last date for filing sales tax and federal excise monthly statements up to September 23, 2016.

FBR increases minimum value of sugar for charging sales tax

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ISLAMABAD: Federal Board of Revenue (FBR) has increased the minimum value of sugar to Rs60 per kilogram for the purpose of charging sales tax at 8 percent on supply to local market.