Unified Sales Tax Return Launch for Oil & Gas and Microfinance Sectors

• Launching of Single Sales Tax Return for exploration and production companies and microfinance banks
• FBR and provincial revenue authorities including BRA, KPRA, SRB, and PRA have agreed to include these two sectors under Single Sales Tax Return
• Taxpayers in these sectors must file their sales tax returns starting from November 2024
• Returns are due in December 2024 and will continue onwards
• The Single Sales Tax Return can be accessed through the website www.iris.fbr.gov.pk

Source: fbr.gov.pk

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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