- Pakistan’s Federal Board of Revenue has launched a new single sales tax return and portal.
- The new return allows sales tax registered taxpayers to file a single return instead of separate returns to each local authority and federal level.
- The system allows for input tax adjustment and tax payments across sales tax authorities, eliminating the need for reconciliations and payment transfers.
- Initially, the return will be used by five designated telecommunications companies for transactions in January.
Source: answerconnect.cch.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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