{"id":62411,"date":"2020-03-07T10:00:00","date_gmt":"2020-03-07T05:00:00","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=62411"},"modified":"2020-03-07T12:44:46","modified_gmt":"2020-03-07T07:44:46","slug":"fbr-to-abolish-3-sales-tax-in-exchange-for-registration","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/fbr-to-abolish-3-sales-tax-in-exchange-for-registration.html","title":{"rendered":"FBR to abolish 3% sales tax in exchange for registration"},"content":{"rendered":"\n<p>Islamabad: The Federal Board of Revenue (FBR) recently expressed its willingness to reduce or abolish the 3% additional sales tax applicable on supplies made available to unregistered businessmen; provided these individuals agreed to register themselves with the sales tax department \u2014 a news source reported. <\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/pending-cases-prevented-fbr-from-collecting-pkr-87-42-billion-income-tax-audit-report.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Pending cases prevented FBR from collecting PKR 87.42 billion in income tax: Audit Report (opens in a new tab)\">Pending cases prevented FBR from collecting PKR 87.42 billion in income tax: Audit Report<\/a><\/p>\n\n\n\n<p>According to the details available, the tax authority\u2019s representatives revealed this information during a meeting of the sub-committee of the Standing Committee on Finance. They further stated that the 3% tax was applied on the transactions made by unregistered individuals in addition to the usual 17% sales tax applicable on everybody. This has allowed the FBR to collect PKR 40 billion in additional revenue. <\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/fbr-files-12-references-involving-land-worth-pkr-2-billion.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"FBR files 12 references involving land worth PKR 2 billion (opens in a new tab)\">FBR files 12 references involving land worth PKR 2 billion<\/a><\/p>\n\n\n\n<p>In related news, the convener of the sub-committee Dr Ramesh\nKumar Vankwani revealed that the government was considering bringing forth a\nnew tax amnesty scheme for people who had not been able to avail the last two\nones. He added that such businesses had been requesting the government for\nanother amnesty scheme, and that it was the need of the hour. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Federal Board of Revenue (FBR) recently expressed its willingness to reduce or abolish the 3% additional sales tax applicable on supplies made available to unregistered businessmen; provided these individuals agreed to register themselves with the sales tax department \u2014 a news source reported. Read: Pending cases prevented FBR from collecting PKR 87.42 billion in income tax: Audit Report According to the details available, the tax authority\u2019s representatives revealed this information during a meeting of the sub-committee of the Standing Committee on Finance. They further stated that the 3% tax was applied on the transactions made by unregistered individuals in addition to the usual 17% sales tax applicable on everybody. This has allowed the FBR to collect PKR 40 billion in additional revenue. Read: FBR files 12 references involving land worth PKR 2 billion In related news, the convener of the sub-committee Dr Ramesh Kumar Vankwani revealed that the government was considering bringing forth a new tax amnesty scheme for people who had not been able to avail the last two ones. He added that such businesses had been requesting the government for another amnesty scheme, and that it was the need of the hour.<\/p>\n","protected":false},"author":57,"featured_media":61403,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15015],"tags":[22229],"persona":[],"class_list":{"0":"post-62411","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-legal-taxation","8":"tag-fbr-to-abolish-3-sales-tax-in-exchange-for-registration","9":"cat-15015-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>FBR to abolish 3% sales tax in exchange for registration - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: The Federal Board of Revenue (FBR) recently expressed its willingness to reduce or abolish the 3% additional sales tax applicable on supplies\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/fbr-to-abolish-3-sales-tax-in-exchange-for-registration.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FBR to abolish 3% sales tax in exchange for registration - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: The Federal Board of Revenue (FBR) recently expressed its willingness to reduce or abolish the 3% additional sales tax applicable on supplies\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/fbr-to-abolish-3-sales-tax-in-exchange-for-registration.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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