Tag Archives: SRO

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.

FBR allows tax free imports of equipment, including locally manufactured, for Lahore Orange Line Metro Train Project

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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.

Sales tax on high speed diesel oil increased to 29.5pc

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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.

Sales tax exemption on import of specialized vehicles under CPEC allowed

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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).

FBR issues SRO to apply zero-rate sales tax for export oriented sectors

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KARACHI: The Federal Board of Revenue (FBR) has issued SRO to notify zero-rate sales tax on supply by export oriented sectors.

FBR fixes sugar value for sales tax imposition; SRO issued

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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.

FBR notifies sharp reduction in sales tax rates on POL products supply

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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.

Tax Proposals 2016/2017: poultry sector demands withdrawal of 10pc regulatory duty

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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.

Cost of FBR collection higher in South Asia

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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.

FBR issues parameters for selection of audit cases

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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.