sales tax

Last week, the federal government finally passed the Finance (Supplementary) Bill 2021, also known as mini-budget. Under the new bill, the Federal Excise Duty (FED) and Sales Tax were revised on locally…

In an aim to curb the current account deficit and to increase the revenue of the country, the Government of Pakistan has increased sales tax on petroleum products. On Tuesday 1st January 2018, the government…

Federal Board of Revenue (FBR) is expected to lose PKR 60 billion in H1 of FY 2018-19 due to government slashing sales tax on petroleum products, reports a local media outlet. In an aim to give relief to…

Supreme Court of Pakistan has ordered the government and all the concerned departments to provide a detailed report on taxes imposed on petroleum products, and to compare the taxes with domestic and global…