201608.26
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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.

201608.03
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Amendment in reduced rate notification No. SRB-3-4/8/2013, dated 01.07.2013.

Vide notification No. SRB-3-4/9/2016, dated 28.06.2016, Government of Sindh has amended notification No. SRB-3-4/8/2013 dated 01.07.2013. By virtue of the amendment, the following services that were previously taxable at a reduced rate of 6% shall be taxable at the rate of 8% with effect from 01.07.2016. Tariff Heading Description 9815.2000 legal practitioners and consultants 9815.3000…

201508.22
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Proposed Budgetary Changes in Islamabad Capital Territory (Tax on Services)

Schedule of taxable services has been revised to make the same at par with the sales tax levied on such services under the respective sales tax on services regimes. The new Schedule is as under: S. No. Description PCT Heading, if applicable Rate of Tax (1) (2) (3) (4) 1 Services provided or rendered by…