Tag Archives: SRO
FBR allows tax free imports of equipment, including locally manufactured, for Lahore Orange Line Metro Train Project
ISLAMABAD: The government has allowed tax free import of equipment, including those which are being manufactured locally, to Chinese contractors for Lahore Orange Line Metro Train Project.
ISLAMABAD: Federal Board of Revenue (FBR) has notified increase in sales tax rate on supply of high speed diesel (HSD) oil to 29.5 percent ad valorem effective from February 16, 2016 from previous rate of 28 percent.
KARACHI: The Federal Board of Revenue (FBR) has allowed sales tax exemption on import of vehicles by Chinese companies for undertaking construction work under China Pakistan Economic Corridor (CPEC).
KARACHI: The Federal Board of Revenue (FBR) has issued SRO to notify zero-rate sales tax on supply by export oriented sectors.
KARACHI: The Federal Board of Revenue (FBR) has fixed value of sugar for purpose of imposing sales tax at eight percent on both domestic supply and imported white crystalline sugar.
KARACHI: The government has announced significant reduction in sales tax rates on petroleum product up to 28.38 percent in order to avoid passing on the increase in total prices.
KARACHI: Poultry sector has demanded the government of withdrawing 10 percent regulatory duty on import of live poultry including grandparents (Pakistan Customs Tariff PCT:01.05), which was imposed through SRO 1177(I)/2015 dated November 30, 2015.
KARACHI: Expenditures incurred for revenue collection in Pakistan are higher than major economies in South Asia. However, it is comparative lower when compared with other economies of the world.
KARACHI: The Federal Board of Revenue (FBR) has issued parameters for selection of audit cases, through random computer balloting system which will use financial ratios of the year, national tax number (NTN), computer national identity cards (CNICs) information of the filers, according to SROs issued on Thursday.
Amnesty of investing concealed income in Greenfield industries available to both existing, new concerns
KARACHI: The Federal Board of Revenue (FBR) has said that amnesty of unexplained income towards Greenfield industrial undertaking is available for both existing and new concerns.