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 Revises Customs Values for Imported Tamarind with Seeds from Thailand
- User Manual for Sales Tax Withholding on Digitally Ordered Goods in Pakistan (Version 0.1)
- National Grid Company Seeks VAT Exemption on Imported Equipment for Development Projects Amid Financial Strain
- Textile Council Urges PM to Declare Export Emergency Amid Plunging Exports and Widening Trade Deficit
- Pakistan Rolls Out Phased E-Invoicing Linked to VAT and Sales Tax Compliance
