- FBR considering new measure to require online retailers to deposit sales tax
- Proposal part of upcoming Budget 2024-25 suggestions
- Amendment to Sales Tax Act to make it mandatory for online retailers to collect and deposit sales tax
- Aim is to bring transparency and compliance to e-commerce sector
- Initiative to streamline tax collection processes and integrate e-commerce into formal economy
- Proposed rule would require platforms like Daraz.pk to adjust business practices
- Expected to improve tax compliance and contribute to national revenue
- FBR focusing on expanding tax base and improving tax administration
- Proposal still under consideration, final decision depends on government approvals
- Significant shift in taxation of online retail operations in Pakistan if approved
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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