FBR Introduces Updated Rules for Sales Tax De-registration Procedure

• FBR has updated rules for sales tax de-registration
• The changes are outlined in the amended Sales Tax Rules, 2006
• Rule 11 specifies the steps for de-registration
• Registered persons must apply to the Commissioner Inland Revenue
• De-registration is completed within ninety days from the application date or when all outstanding dues are cleared
• Audit proceedings or inquiries must be completed within ninety days from the application date
• Registered persons must settle any outstanding liability identified during the audit
• Monthly sales tax returns are suspended during the de-registration process
• The Commissioner can issue a de-registration order if tax returns are not filed for six consecutive months
• Obligations and liabilities of a person whose registration is canceled remain unaffected
• The updated rules aim to promote compliance and accountability within the business community.

Source: pkrevenue.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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