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Tag Archives: sales tax (ST)

Quetta Customs collects Rs 980 million revenue

LAHORE: Customs Collectorate, Quetta has collected an amount of Rs 980 million revenue in share of Customs Duty (CD), Sales Tax (ST), Withholding Tax and Federal Excise Duty (FED) in the months of July to October, 2014, more than 20 percent collected in same period in 2013, Collector Customs Zahoor Akhtar Raja said on Saturday. He said that Customs personnel ... Read More »

Dar hopes budgetary measures to flourish tax culture

ISLAMABAD: Finance Minister Ishaq Dar categorically declared that the government was committed to ending the culture of non-filing of income tax returns in the country for which tax rates have been enhanced for the non-compliant taxpayers and new scheme has been announced for retailers. Addressing a post-budget press conference, the Finance Minister said that major budgetary measure is to convince ... Read More »

Dar to present second budget tomorrow

ISLAMABAD: Finance Minister Ishaq Dar will unveil the second budget of his the PML-N-led government in the National Assembly on Tuesday. The finance bill, which will be tabled in parliament, is expected to include Rs535 billion additional taxes and other administrative measures. The ambitious new tax measures revolve around three pillars — documenting and taxing the rich, raising the existing ... Read More »

Money changers get immunity from ST

LAHORE: In compliance with the federal government directives, the Punjab Revenue Authority (PRA) has exempted foreign currency dealers and money changers services from sales tax. As per details, the provincial tax authority has decided to grant exemption to currency dealers from provincial sales tax for two years to encourage foreign exchange inflows into the country. The currency dealers and government ... Read More »