Dear Valued Client, Federal Board of Revenue issued SROs 552, 589 and 590, wherein the board has issued exemptions of Sales Tax and Income Tax and custom duties on the import of following items for medical purposes only Oxygen gas Cylinders (for oxygen gas) Cryogenic tanks (for oxygen gas) and Oxygen Concentrators/Generators/ Manufacturing Plants These exemptions are effective from May 24, 2021 and will remain applicable for one hundred and eighty days. Read Below the SROs mentioned above.
Below is the latest FBR initiative wherein the board has launched the software of electronic hearing of tax audit and assessment cases to facilitate the taxpayers. This has been done by enabling and functionalizing the e-Hearings module in the Iris. The module enables online hearing both form the dedicated hearing rooms established in the field formations and from the places of the taxpayers. Such e-Hearings would be recorded and archived for further legal and administrative utilization. In the first phase, the module has been launched and tested in LTO Islamabad, RTO Rawalpindi, RTO Faisalabad and RTO Peshawar wherein online e-Hearings…
Below is the General Order which has been issued by FBR to prescribe Standard Operating Procedures (SOPs) for AJK/Gilgit Baltistan Sales Tax Registered Persons for their enrollment with FBR system to enable them avail the benefit of input adjustments.