The Reduced Rate of Sales Tax: A Guide for Businesses
The Sales Tax Act, 1990, is a law that governs the taxation of goods and services in Pakistan. The Act provides for the imposition of sales tax at a rate […]
Wholesalers and Retailers: The Key Players in the Economy
Who is a Wholesaler under Sales Tax Act, 1990? Under the Sales Tax Act, 1990, a wholesaler is defined as a person who purchases goods from a manufacturer or importer […]
How Long Do You Need to Keep Sales Tax Records?
As a taxpayer, it is important to keep your sales tax records in order. This is because the Federal Board of Revenue (FBR) may audit you at any time, and […]
What is the Penalty for Not Filing Your Sales Tax Return?
The Sales Tax Act, 1990, is a law that governs the taxation of goods and services in Pakistan. The Act provides for the imposition of sales tax at a rate […]
What is the Cash Limit for Single Purchases in Pakistan to claim Input Tax?
The Single Purchase Invoice allowed limit to pay in Cash under Sales Tax Act is Rs. 50,000. This means that no person can purchase goods or services from a registered […]
How to Start a Cottage Industry in Pakistan and Save on Sales Tax
A cottage industry is a small-scale business that is typically operated from the home of the owner. Cottage industries are often family-run businesses that produce goods or provide services for […]
Understanding Sales Tax Account Suspension in Pakistan
As a registered sales taxpayer in Pakistan, it is crucial to ensure that you file your sales tax returns on time. Failure to do so can result in suspension of […]
Pakistan Approves Increase in Sales Tax on Luxury Items
The Pakistani government recently approved an increase in the sales tax on luxury items to 25%, effective from March 1, 2023. The move is aimed at increasing revenue for the […]
A Beginner’s Guide to Sales Tax Filing in Pakistan
As a business owner in Pakistan, it is essential to understand the regulations surrounding sales tax filing. Failing to comply with these regulations can result in penalties and surcharges on […]
Default Surcharge in Sales Tax for Businesses in Pakistan
In Pakistan, registered businesses are required to pay sales tax on their taxable supplies. Failure to pay the due tax or any part of it can result in the imposition […]