KARACHI: The Federal Board of Revenue (FBR) has launched a pilot run of IDEA software for expeditious processing of the sales tax returns, Dr Aftab Imam, chief commissioner of the Inland Revenue, Corporate Tax Office (CTO) Karachi, said on Tuesday. “To quickly process the sales tax returns being submitted in huge quantities every month by … Read more
KARACHI: The Federal Board of Revenue (FBR) on Tuesday notified an increase in the sales tax on high-speed diesel (HSD) and kerosene. The FBR also increased the sales tax on light diesel oil. However, the rate of sales tax has been brought down to zero per cent on petrol. The revenue body issued SRO 1579 … Read more
The Federal Board of Revenue (FBR) has released details of the tax directory for the tax year (TY) 2018 of all members of the parliament. According to the details, Prime Minister Imran Khan paid Rs 282,449 in taxes in 2018. The opposition leader in the National Assembly Shahbaz Sharif paid a tax of Rs 97,30,545. Chairman … Read more
