GOVERNMENT OF PAKISTAN

REVENUE DIVISION

FEDERAL BOARD OF REVENUE

***

PRESS RELEASE

 

 

FBR WITHDRAWS FED TO THE SALES TAX ON SERVICES RECEIVABLE BY THE PROVINCES TO AVOID DOUBLE TAXATION

 

 

Islamabad, the 1st July  2011

 

 

The Services rendered by registered persons who were previously subject to Federal Excise Duty (being collected in Sales Tax mode) have now been subject to Sales Tax by the Provinces through their legislation with effect from 1st July, 2011. The Federal Board of Revenue through a notification has withdrawn Federal Excise Duty on such services (Table-II of First Schedule to the Federal Excise Act, 2005) with effect from the same date i.e. 1st July, 2011 in order to avoid double taxation.

 

However, the registered persons providing such services will continue to charge Tax/Duty and file Sales Tax Returns as before with certain amendments being worked out in Federal Board of Revenue and the registered persons shall face no difficulty for switching from Federal Excise Duty to the Sales Tax on Services receivable by the Provinces.

    -Signed-

(Riffat Shaheen Qazi)

Official Spokesperson, FBR

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Facilitation & Taxpayer Education (FATE) Wing

FEDERAL BOARD OF REVENUE

***

 

 

FOR IMMEDIATE RELEASE

 

                                                                                                            Islamabad: July 1, 2011 

 

PRESS RELEASE

 

Progress in Broadening of Tax Base upto 30-6-2011

 

As a result of FBR's current drive for Broadening of tax base, 26,740 new returns have been filed during the year ending on 30-6-2011 from which Rs. 356 million tax has been recovered. Further more, 17,134 provisional assessments under section 122C of Income Tax Ordinance 2001 have been made, from which tax demand of Rs. 5,804 has been created.

 

Directorate General of Intelligence and Investigation (Inland Revenue) also conducted audit of collection of withholding tax by various banks. As a result of this audit, Rs. 4,253 million has been recovered and deposited at LTU, Karachi.

 

FBR has shown its clear resolve to continue its efforts for expansion of tax base. Also, in future there would be no relaxation in such drive for audit and reconciliation of tax with held by withholding agents.   

 

 

For further queries, contact

Durr-e-Maknoon

Second Secretary (FATE) Wing, FBR

Ph:  051-9208407

Fax: 051-9207172

                      

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