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Under the 18th Amendment to the Constitution of Pakistan, the right to charge sales tax on services has been given to the provincial governments where as the right to charge sales tax on goods has been given to the federal government. Consequently, provincial revenue authorities were created to manage and collect provincial sales tax in their ...
The National Database & Registration Authority (NADRA) (Urdu: قومی مقتدرہِ اندراجات و معطیات) is an independent and autonomous agency under the control of the Interior Secretary of Pakistan that regulates Government Databases and statistically manages the sensitive registration database of all the National Citizens of Pakistan.
Registration is required (for residents and non-residents) if value of taxable supplies of goods or services exceeds ₴1 million during any 12-month period. A legal entity may apply for voluntary registration if it has no VATable activities or if the volume of its VATable transactions is less than the registration threshold.
Established as the Central Board of Revenue on 1 April 1924 through enactment of the "Central Board of Revenue Act, 1924".In 1944, the CBR was put under the Revenue Division with the Ministry of Finance until 1960, when on the recommendations of the "Administrative Reorganization Committee", the CBR was made into a division of the Ministry of Finance.
In 2014 Directorate was merged with Pakistan Computer Bureau to form National Information Technology Board. [2] Some of the projects completed by the directorate include: Online Processing of Hajj Applications and Status online Tracking for arrangements for Hujjaj; Automation of Prime Minister Secretariat, Islamabad; Online Nadra Card ...
Pakistan's elections last week returned a hung parliament, with no party getting enough seats in the National Assembly to form a government by itself. Negotiations for a coalition government are ...
The IRS has been a prominent subject of deliberations between Pakistan and the International Monetary Fund (IMF). The IMF has put forth several tax reform recommendations to the Pakistani government. These recommendations encompassed the removal of sales tax exemptions on fertilizers, pesticides, and tractors, the maintenance of general sales ...
The Pakistan Single Window (PSW) stands as a prominent undertaking spearheaded by Pakistan Customs.Its overarching objective is to diminish the time and expenses associated with conducting business by transitioning Pakistan's cross-border trade into a digital realm, thereby eliminating the need for paper-based manual procedures.