Tag Archives: Sales Tax

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.

Sales tax on diesel oil increased by 25pc

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ISLAMABAD: Federal Board of Revenue (FBR) has increased sales tax on high speed diesel by 25 percent to 35 percent for September 2016 from 28 percent in August 2016, said a notification issued on Wednesday.

FBR launches sales tax invoice verification system

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KARACHI: The Federal Board of Revenue (FBR) on Tuesday launched new version of Sales Tax Real-Time Invoice Verification System (STRIVe) for fiscal year 2016/2017.

FBR, CGA develop software for automated STRN verification

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KARACHI: Controller General of Accounts (CGA) with the assistance of Federal Board of Revenue (FBR) has developed a software which is now being used for automated verification of Sales Tax Registration Number (STRN) and deduction of applicable rates of sales tax from the vendors’ claims submitted at accounting offices.

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.