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ISLAMABAD: The Federal Board of Revenue (FBR) has launched a single identifier number for all domestic taxes. An official announcement said that under this initiative a taxpayer can use all applications under the Income Tax, Sales Tax and Federal Excise Duty by mere use of the Computerised National Identity Card if he/she is an individual. In case of partnership firms and companies, the National Tax Number (NTN) shall be the common tax identifier number. In this manner the Sales Tax, Income Tax and Federal Excise laws have been harmonised. This is an important step towards ease of doing business and it will substantially improve Pakistan’s rating on this count. ....
Single Identifier Number for all domestic taxes launched July 29, 2021 ISLAMABAD: The Federal Board of Revenue (FBR) has launched a Single Identifier Number for all domestic taxes by harmonizing Income Tax, Sales Tax and Federal Excise Duty. Under this initiative, a taxpayer can use all applications under the Income Tax, Sales Tax and Federal Excise duty by mere use of CNIC if a taxpayer is an individual. In case of partnership firms and companies, the National Tax Number (NTN) shall be the common tax identifier number. In this manner, the Sales Tax, Income Tax and Federal Excise law have been harmonized. This is an important step towards ease of doing business and will substantially improve Pakistan’s rating on this count. ....
Unconstitutional taxation of salaried class dailytimes.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailytimes.com.pk Daily Mail and Mail on Sunday newspapers.
Punjab decides to rescind licences issued to dealers tribune.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribune.com.pk Daily Mail and Mail on Sunday newspapers.
Punjab forces mills to sell sugar to unregistered persons FBR spokesperson says district admins cannot waive condition of ST registration A recent sugar inquiry report has also raised serious questions over supply chain of the sugar sector. PHOTO: FILE ISLAMABAD: The Punjab government has waived the condition of registration of sugar dealers with the Federal Board of Revenue (FBR) and is forcing the mills to do business with unregistered persons that may land the millers in jail. The orders have been issued by the district administration dealing with the sugar mills. The Jhang district administration has issued the orders to waive off the condition of the sales tax registration for the sugar dealers, according to a letter seen by The Express Tribune. ....