201701.25
0
0

Amendments in SRO 1125(I)/2011, dated 31.12.2011 vide SRO 36(I)/2017, dated 23.01.2017

Vide SRO 36(I)/2017 dated 23.01.2017, Federal Government has made amendments in SRO 1125(I)/2011, dated 31.12.2011. Following amendments have been made in the notification: – (a) Textile units registered with Ministry of Textile will be entitled to import machinery @zero% sales tax subject to the conditions that the machinery is not manufactured locally and conditions of…

201608.26
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2

Update on agreement between Federal Government and SRB in respect of input tax adjustment of sales tax paid on services.

Dear Clients, It is informed that an agreement has been singed today between the Federal Government and SRB for allowing input tax adjustment of sales tax paid on services. Similar agreement is expected today with PRA as well. Ordinance and requisite notification are likely to be issued by 1st September, 2016.

201607.02
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2

New scheme for 5 Export Oriented Sectors

Vide SRO 491(I)/2016 dated 30.06.2016, a new scheme for 5 Export Oriented Sector has been introduced. i)          Generally, in case of supplies from registered persons to registered is zero percent subject to exception contained in the table in the provided SRO. ii)         Adjustments of input tax, if any paid will be available; however, input tax…