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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] Balouchistan Sales tax on services: 15%
Inland Revenue Service (Pakistan) 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. [ 1][ 2]
2023–24 Pakistan federal budget. The 2023–24 Pakistan federal budget was the Federal Budget implemented by the government of Pakistan for the fiscal year 2023–24. The revised budget was presented to Parliament on 25 June, 2023 after Finance Minister Ishaq Dar introduced new taxes and expenditure cuts. The budget was accepted the next day.
Pakistan, in 2022, had a (GDP nominal) of around US$377 billion and (GDP PPP) of around US$1.512 trillion, according to trading economics. [1] This value can be further divided into the unit levels (GSP), providing an outlook of how much value each unit contributes to the national GDP. Pakistan has traditionally followed a "top-down" approach ...
The Pakistan Economic Survey is an annual report on the performance of the economy, focusing in particular on major macroeconomic indicators. Finance Minister Shaukat Tarin briefed on 10 June 2021, the Pakistan Economic Survey 2020-21 at a press conference in Islamabad on Thursday, revealing that the industrial and services sectors had helped the economy rebound and post GDP growth of 3.94 per ...
February 1, 2022 at 6:00 AM. Tax Schedule 2022: Every Date You Need To Know. The first month of the year is already in the rearview mirror, which means tax season is here — ready or not. The IRS ...
www.fbr.gov.pk. 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 ...
Ministry of Finance. ‹ 2021–22. 2023-2024 ›. On 10 June 2022, Finance Minister Miftah Ismail presented a federal budget of Rs 9.5 trillion for the financial year 2022–2023, which is nearly a trillion higher than the previous financial year. [1][2] On 29 June 2022, the National Assembly of Pakistan approved the passage of the Finance ...
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