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Federal cabinet reduces sales tax to 6% on imported finished articles of textile and leather

Lahore : The federal cabinet, which met here Tuesday with Prime Minister Shahid Khaqan Abbasi in chair, allowed the signing of a memorandum of understanding (MoU) between the Intellectual Property Organization (IPO) of Pakistan and State Intellectual Property  Office (SIPO) of China.  The enhanced cooperation between IPO-Pakistan and SIPO-China would enable ... Read More »

Single digit sales tax demanded to spur growth

Lahore: Chairman of the United International Group Mian Shahid on Sunday asked the government to enforce single digit sales tax to spur economic growth. Single digit sales tax have a very positive impact on the overall business environment and settle issue of refund claims and input taxes while reducing complaints regarding ... Read More »

FBR extends date of filing of Sales Tax/Federal Excise returns

Islamabad: upto 5th September, 2012 for the tax period July 2012, for all registered persons vide its C. No. 3(9) ST-L&P/2010-115577-R dated 30.8.2012. The date of payment of tax shall, however, be 30th August, 2012. The decision has been taken by the FBR in exercise of the powers conferred under ... Read More »

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