ISLAMABAD: Determined Pakistan has appreciated the government’s efforts for regularising heated tobacco products (HTPs) as an alternative to cigarettes in the interest of public health, a statement said. The Federal Cabinet on the request of the Ministry of Health has approved the SRO on heated tobacco products that are scientifically proven to be 95 per … Read more
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 tax authorities have estimated recovery of around Rs10 billion from the foreign companies who sold their assets abroad and avoided tax payment, sources said on Wednesday. In this regard, the Federal Board of Revenue (FBR) has amended the Income Tax Ordinance, 2001, to recover capital gains tax from the foreign companies, which took … Read more
KARACHI: The Federal Board of Revenue (FBR) on Thursday notified the rules for carry forward losses by the listed companies for calculation of capital gains tax. The FBR issued SRO 801(I)/2021 to make amendments in the Income Tax Rules, 2002 and allow it to carry forward losses next year to calculate the capital gains tax. … Read more
