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Restriction imposed on reduced sales tax rate on supply of RLNG

ISLAMABAD: The government has restricted the benefit of reduced rate of sales tax on supply of Re-gasified Liquefied Natural Gas (RLNG). The imposition of...

FBR collects around 43pc of total revenue from imports

ISLAMABAD: Federal Board of Revenue (FBR) has collected around Rs1641.7 billion or 43 percent of the total revenue collection from import of goods at...

Sales tax on POL products reduced to avoid price hike

KARACHI: The caretaker government on Tuesday absorbed hike in prices of petroleum products through lowering the sales tax rates. The caretaker government decided to keep...

Sales tax exempted for all electricity consumers in tribal areas

ISLAMABAD: Federal Board of Revenue (FBR) has allowed exemption from sales tax, extra tax to all type of electricity consumers and from whole of...

FBR withdraws zero-rating of Karachi-based three textile units

KARACHI: Federal Board of Revenue (FBR) has withdrawn sales tax zero rating facility that was given to three textile units on consumption of gas...

FBR reduces sales tax on POL products on Supreme Court directives

ISLAMABAD: Federal Board of Revenue (FBR) on Saturday reduced sales tax on petroleum products on directives of Supreme Court of Pakistan for providing relief...

Hike in POL prices absorbed through reduction in sales tax rates

ISLAMABAD: The government has absorbed hike in prices of petroleum products through reduction in sales tax and passed half of the increase to end...

Budget 2018/2019: Zero-rated sales tax on five export sectors to continue

ISLAMABAD: The government has announced to continue zero-rated sales tax regime for five export sectors during fiscal year 2018/2019. Federal Minister Dr. Miftah Ismail...

Budget 2018/2019: Sales tax on agricultural machinery reduced

ISLAMABAD: The government has announced reduction of sales tax on agricultural machinery to five percent from 7 percent for the fiscal year 2018/2019. Besides...

Islamabad Chamber calls for reducing sales tax on POL products

ISLAMABAD: Islamabad Chamber of Commerce and Industry (ICCI) has advised the government to withdraw the increase in sales tax on petroleum products in order...

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