Sales Tax

Move likely to exacerbate inflation as indirect tax disproportionately affects low-income groups

It leads to evasion of income tax, sales tax and federal excise duty

Supreme Court grants total sales tax amnesty to steel and ghee industries in former tribal areas until June 30, 2024

Rules put emphasis on location where service provider resides or place from where services are rendered

'The small businessmen of Pakistan cannot afford to pay the bills'

Rs300b to be collected through petroleum levy

FBR decides to impose an additional sales tax of 5% to 17% on electricity and gas on customers not registered in ATL

Official says sector has potential to earn $1b through exports

Also rejects budget proposal to arrest taxpayers on suspicion without warrants

KCCI president requested the FBR to extend date in larger interest of the revenue board and business community

Dawood says Pakistan and Afghanistan have agreed to bilateral FTA

Say if tax remains applicable, sugar price will continue to be on higher side

Authority will probe whether refund payment order of Re1 is scam or glitch

Businessmen term zero-rating indispensable to remove hardships

Demand restoration of zero-rated facility

Committee set up to review budget proposal as taxes cause losses to firms

Abdul Razzak Dawood says it will help reduce indirect taxes like sales tax

PTI govt urged to come up with comprehensive, long term policy

FBR accepts demand of halving withholding tax rates; cuts minimum income tax rate for traders

Marginal increase indicates govt’s reforms initiative is not bearing fruit

Policy of sugarcane support prices contributes to lower cotton output

IMF’s bailout programme, delayed licence fee payments by telecom operators among others provide relief

Government applies measures to mitigate pain on consumption

Chief Justice Athar Minallah says indirect tax will put additional burden on litigants

Figure reported by FBR is different from cash deposited in treasury

NA panel asks PM aide to find solution that benefits both govt and industry

Constitution clearly states ‘sales tax on services’ is within the exclusive domain of the provinces, SC observes

Imposition of FED on gas, hike in customs duty are also on the cards

Chairman urges them to opt for tax amnesty as only 11% are currently registered

Authority urges defaulters to deposit sales tax by January 3

Reduction is aimed at appealing to traders and middle class

In protest against the federal cabinet's refusal to restore the old system of sales tax

It comes days after Senate panel warned of seeking explanation for delay

Court dismisses a petition filed by hall and lawn owners’ body

Tractor industry’s pending sales tax refunds, which amount to over Rs3 billion

Measures taken to encourage manufacturing of computers and laptops

Currently, more than 925,000 audit cases remain pending

Haphazard selection of companies for audit creates unmanageable backlog

Says high tax impacts inflation, promotes smuggling and tax evasion

PAF asks govt to clear refund claims of higher value as well

Says govt has failed to achieve targets for FY17, broaden the tax base

Their working capital has been stuck with FBR for past many years

Karachi to remain largely unaffected as a couple of lobby groups go on strike

The court issued notice to FBR on a petition filed by Pesco

Last year, the FBR had withdrawn Rs4 billion from the Sindh government's account

PRA is taking action against all institutions that are not paying sales tax

Budget proposal could slow down growth of 3G/4G subscribers

PHMA chairman said that FBR is bent on proposing draconian moves that would destroy the value-added sector’s exports

Also wants to withdraw exemption from 5% withholding tax on power bills

The petitioner’s counsel told the court that the sales tax on petroleum products was unconstitutional