16 percent GST on sugar to be levied through Presidential Ordinance The Federal Board of Revenue has proposed 16 percent standard rate of sales tax on sugar in Budget (2013-14). Sources told Business Recorder on Saturday that the FBR has moved the proposal to the...
Pakistan Tanners Association (PTA) has expressed its concern over the Federal Board of Revenue’s proposal, submitted to the Ministry of Finance, to enhance withholding tax (WHT) rates. While talking to Business Recorder, PTA Chairman Agha Saiddain said FBR had...
The cigarette manufactures have succeeded in incorporating the proposal of their choice in the Presidential Ordinance for revision of Federal Excise Duty (FED) slabs on cigarettes. Sources told Business Recorder on Tuesday that the cigarette manufacturing units have...
Presidential Ordinance to be issued would considerably expand the scope of the Third Schedule of the Sales Tax Act 1990 by including a number of new items including bottled water and fertilisers for imposition of sales tax on the basis of printed retail price. Sources...
Provisional figures: Rs 1.59 trillion revenue collected during July-May 18 The Federal Board of Revenue has provisionally collected Rs 1,591.6 billion during July-May 18 (2012-13) against Rs 1,502.9 billion in same period last fiscal year, reflecting an increase of...
The Law and Justice Division has vetted the Presidential Ordinance to introduce new taxation measures before federal budget 2013-14. Sources told Business Recorder that the process of vetting the Finance Ordinance has been completed. If the Finance Ordinance has been...
