Tag Archives: Sales Tax

FBR increases sales tax on POL products


ISLAMABAD: Federal Board of Revenue (FBR) on Wednesday notified increase in sales tax on petroleum products.

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


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


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


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


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


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


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


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


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


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.