KARACHI: The Federal Board of Revenue (FBR) on Monday exempted the sales tax on the import of fruits from Afghanistan. In this regard, the revenue board issued an SRO 1501 (I)/2021 to implement the decision. According to the notification, the government has decided to exempt the whole sales tax on the import of edible fruits … Read more
KARACHI: The Federal Board of Revenue (FBR) on Friday formally launched the Export Facilitation Scheme 2021. The FBR issued an SRO 957(I)/2021 to implement the provisions for facilitating exports from Pakistan. Previously, the tax body issued draft law on July 9, 2021, inviting feedback from the stakeholders. According to the latest SRO, the scheme would … Read more
KARACHI: The Federal Board of Revenue (FBR) will collect income tax on the basis of advance-to-deposit ratio from banks on making investment in government securities, official sources said on Saturday. The sources in the revenue board said a relief had been provided to the banks in discharging liabilities on making profit from the investment made … Read more
