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Consequently, provincial revenue authorities were created to manage and collect provincial sales tax in their respective provinces. Below is a summary of the applicable sales tax rates in Pakistan: [13] Sales tax on goods: 18%; Sindh sales tax on services: 15%; Punjab sales tax on services: 16% [14] Balochistan sales tax on services: 15%
The Federal Board of Revenue (FBR) (Urdu: وفاقی بورڈ محصولات), formerly known as Central Board of Revenue (CBR), is a federal law enforcement agency of Pakistan that investigates tax crimes, suspicious accumulation of wealth, money-laundering make regulation of collection of tax. FBR operates through Inspectors-IR that keep tax ...
The Inland Revenue Service (IRS) is a department of the Federal Board of Revenue (FBR) in Pakistan. It was established in 2009 and holds the responsibility for overseeing various aspects of domestic taxation, encompassing Sales Tax, Income Tax, and Federal Excise Duty.
The list focuses on the main types of taxes: corporate tax, individual income tax, and sales tax, including VAT and GST and capital gains tax, but does not list wealth tax or inheritance tax. Personal income tax includes all applicable taxes, including all unvested social security contributions.
It is staffed by officers from the Pakistan Customs Service (PCS) which is one of the premier occupational groups among Pakistan's civil services. Pakistan’s Federal taxation was originally organised along the lines of Indirect & Direct taxes, resulting in two occupational groups viz. Customs & Excise Group, and Income Tax Group.
The imposition of a 10% final tax on the issuance of bonus shares, a 0.6% advance tax on withdrawals for non-filers, and increasing textile sales taxes on retail point-of-sale (POS) of textiles and leather products was criticised for disincentivizing market activity and promoting the black market, but praised for "Encouraging Remittances and ...
The Federal Tax Ombudsman Ordinance of 2000 [1] and the Federal Ombudsman Institutional Reforms (FOIR) Act of 2013 [2] confer powers, including administrative and financial autonomy. This aligns with the separation of Pakistan's judiciary and executive branches in accordance with the Constitution.
Regional Tax Office is a field formation of the Federal Board of Revenue (FBR). It is situated at Regional Tax Office, Jail Road, Faisalabad and can be found at Google Maps Regional Tax Office. This office is responsible for monitoring and collection of federal taxes imposed by the Government of Pakistan. This office has jurisdiction to send ...