Presently, in sales tax laws there are so many deviations from the basic principles of VAT in shape of exemptions, reduced/fixed rate regimes, and unnecessary dis-allowance of input tax which provides opportunity to tax evaders to remain undocumented/ avoid tax.
Source: dailytimes.com.pk
Latest Posts in "Pakistan"
- Pakistan’s New Electronic Invoicing Timeline: Phased Rollout from September 2025
- Pakistan Repeals 5% Digital Tax on Foreign Tech Firms: What It Means for Compliance
- FBR Announces Revised Sales Tax Rates and Provisions for 2025-26 Fiscal Year
- FBR Clarifies Handling of Excess Sales Tax Collections Under Section 3B of Sales Tax Act
- Pakistan Introduces Withholding Tax on Domestic Digital Sales via Online Marketplaces
