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Harmonizing the sales tax

The 18th Amendment to the constitution had a profound impact on the legal and political framework of the country. Among other measures leading to the long-awaited provincial autonomy, the amendment…

Export growth dependent upon sales tax refunds

Over the last twelve months it has been clearly demonstrated that our exports can grow provided we are given a “level playing field” to compete with our competitors. When the…

Sales Tax refunds: the fiasco unfolding

Since the 1st of July this year, an across the board sales tax of 17% has been imposed on most manufactured items. The exports which are “zero rated" all over…

Sales tax on restaurants through Finance Act

The imposition of 7.5% sales tax on restaurants through the Finance Act 2019 by the National Assembly, energetically defended by the Chairman of Federal Board of Revenue (FBR), is patently…

Impact Of Sales Tax On National Economy – II

Impact of sales tax on national economy – II

There is another psychological reason in the public behind lack of incentives, non-compliance and/or non-serious approach towards tax payments. It is an old grievance of the general public that the…