{"id":81108,"date":"2021-11-03T16:16:19","date_gmt":"2021-11-03T11:16:19","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=81108"},"modified":"2021-11-03T16:16:24","modified_gmt":"2021-11-03T11:16:24","slug":"fbr-aunch-single-sales-tax-portal","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/fbr-aunch-single-sales-tax-portal.html","title":{"rendered":"FBR all set to launch Pakistan&#8217;s first single sales tax portal"},"content":{"rendered":"\n<p>Islamabad: The Federal Board of Revenue (FBR) is expected to launch Pakistan\u2019s first centralized single Sales tax portal, a news shared on Wednesday (November 03) reported in leading daily reads. The portal would allow the taxpayers to file sales tax returns once, instead of filing the same for six different departments. <\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/fbr-ask-retailers-to-mention-cash-discounts-on-invoices.html\" target=\"_blank\" rel=\"noreferrer noopener\">FBR ask retailers to mention cash discounts on sales tax invoices<\/a><\/p>\n\n\n\n<p>It is expected that Prime Minister (PM) Imran Khan will launch the portal later in November. \u00a0 As per the details shared, the portal will facilitate various sectors of the economy and will enhance the ease of doing business in the country. <a href=\"https:\/\/www.zameen.com\/news\/govt-set-up-national-tax-council-uniform-taxation.html\" data-type=\"post\" data-id=\"62658\" target=\"_blank\" rel=\"noreferrer noopener\">The National Tax Council (NTC) <\/a>has already allowed the formation of such a portal after thorough consultation with all the federal territories, provinces and shareholders. The portal is being developed in line with the World Bank (WB) push for harmonisation of the General Sales Tax (GST) collection and distribution between federal and provincial units. <\/p>\n\n\n\n<p> <strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/fbr-advanced-sales-tax-registration-verification-mechanism.html\" target=\"_blank\" rel=\"noreferrer noopener\">FBR introduces advanced mechanism for verification process of sales tax registration<\/a><\/p>\n\n\n\n<p>This portal would also mean an increase in tax collection by bringing up to 87% of the currently untaxed sector into the tax net. \u00a0 Moreover,\u00a0 the single tax portal will help government have a clear view of taxpayers\u2019 business transactions across the country, which will increase revenue potential and tax compliance.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Federal Board of Revenue (FBR) is expected to launch Pakistan\u2019s first centralized single Sales tax portal, a news shared on Wednesday (November 03) reported in leading daily reads. The portal would allow the taxpayers to file sales tax returns once, instead of filing the same for six different departments. Read: FBR ask retailers to mention cash discounts on sales tax invoices It is expected that Prime Minister (PM) Imran Khan will launch the portal later in November. \u00a0 As per the details shared, the portal will facilitate various sectors of the economy and will enhance the ease of doing business in the country. The National Tax Council (NTC) has already allowed the formation of such a portal after thorough consultation with all the federal territories, provinces and shareholders. The portal is being developed in line with the World Bank (WB) push for harmonisation of the General Sales Tax (GST) collection and distribution between federal and provincial units. Read: FBR introduces advanced mechanism for verification process of sales tax registration This portal would also mean an increase in tax collection by bringing up to 87% of the currently untaxed sector into the tax net. \u00a0 Moreover,\u00a0 the single tax&hellip;<\/p>\n","protected":false},"author":84,"featured_media":75334,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15015],"tags":[49292,18032,49293],"persona":[],"class_list":{"0":"post-81108","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-legal-taxation","8":"tag-fbr-all-set-to-launch-pakistans-first-single-sales-tax-portal","9":"tag-fbr-sales-tax","10":"tag-government-sales-tax-gst","11":"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 all set to launch Pakistan&#039;s first single sales tax portal - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: The Federal Board of Revenue (FBR) is expected to launch Pakistan\u2019s first centralized single Sales tax portal, a news shared on Wednesday\" \/>\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-aunch-single-sales-tax-portal.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FBR all set to launch Pakistan&#039;s first single sales tax portal - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: The Federal Board of Revenue (FBR) is expected to launch Pakistan\u2019s first centralized single Sales tax portal, a news shared on Wednesday\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/fbr-aunch-single-sales-tax-portal.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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