Useful information for businessmen
Federal Board of Revenue has extended the date of filing of Sales Tax/Federal Excise returns 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…
Federal Board of Revenue has extended the date of payment of taxes/duty and filing of Sales Tax/Federal Excise returns to 30th August, 2012 for the tax period July 2012 for all registered persons vide its C. No. 3(9) ST-L&P/2010 dated 27.8.2012. The decision has been taken by the FBR in exercise of the powers conferred…
FBR has ordered that all the Model Customs Collectorates shall remain open on Saturday 25th and Sunday 26th August, 2012 as normal working days in order to facilitate the trade and industry in getting their cargo cleared for imports and exports. The management of State Bank of Pakistan and National Bank of Pakistan has been…
The Federal Government has amended Notification No. SRO-594(I)/2009 dated 25th June, 2009 as follows: 2. In aforesaid Notification, in the preamble, for the full stop, at the end, a colon shall substituted and thereafter the following proviso shall be added, namely, “Provided that no regulatory duty shall be levied on export of goods produced from…
The State Bank of Pakistan, vide its letter No.FD.GOVT/671/101-2012 dated 29th June, 2012 has declared Saturday the 30th June, 2012 as a working day. 2. Therefore, all banks of Pakistan shall remain open on Saturday the 30th June, 2012. Further the clearing time on 30.6.2012 has been extended beyond 10:00 PM and the cash counter timings…
FBR has given sales taxpayers the one-time waiver of penalties and additional tax if principal amount of outstanding sales tax (including illegal adjustments) were paid by 30th June. Further concession in this was given b y FBR on 27th June in SRO 774(1)/2012 allowing only 25% of Sales tax to be paids now, and the…
Read More “CLARIFICATION OF AVAILING LAST DAY FACILITY OF PENALTY WAIVER ETC” »
Federal Board of Revenue has taken yet another step to further facilitate tax payers. Today, SRO 774(I)/2012 dated 27.06.2012 is issued which supersedes the earlier SRO 606(I)/2012 dated 01.06.2012 which exempted the default surcharge and penalties on outstanding Sales Tax on account of illegally adjusted input tax. The condition for this earlier exemption was that…
In a bid to facilitate the trade and business community, FBR has decided here today to further extend the date for payment of Taxes / Duty and Filing of Sales Tax and Federal Excise Returns for the Tax Period May-2012, up to 30th June 2012, for all registered persons. The decision was taken in exercise…
The Chairman, FBR, Mumtaz Haider Rizvi today inaugurated two new facilities for FBR, a new state of the art (Tier 3) Data-Center and a new Video Conferencing facility for FBR. The Data Centre is of a Tier-3 category which is said to be the most modern Data-Centre in the Government sector. The new FBR Data…
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The waiver scheme announced by FBR vide SROs 547 (I)/2012, 548(I)/ 2012 and SRO 606 (I)/2012 has been further extended up to 30th June, 2012. Earlier, the taxpayers who owed outstanding tax money were offered waiver of default surcharge, penalties and withdrawal of criminal proceedings if the Principal Amount of Income Tax, Sales Tax, Federal…
