Islamabad: The Federal Board of Revenue (FBR) on Thursday (August 12) directed the Regional Tax Office Peshawar to establish a tax office in the Malakand division to enforce tax rules and regulations imposed by the government on goods and services, news sources reported.
The FBR has already issued notification for the formation of the Inland Revenue Enforcement Networking for tribal areas to collect the tax at the existing 16% rate on supplied commodities in taxable regions. The decision is consistent with the budget 2021-22, which placed a tax on products entering the country from the former Federally Administered Tribal Areas (FATA) and Provincially Administered Tribal Areas (PATA).
Furthermore, the government has permitted taxpaying entities in the FATA and PATA regions to continue importing raw materials to their own manufacturing sites and to pay taxes in accordance with the installed capacity determination certificate (ICDC) issued by the Khyber Pakhtunkhwa Department of Industries or the Ministry of Industries
Nauman Ahmad is an imaginative Pisces whose love for literature and nature is unparalleled. When he's not reading or hiking, he's sleeping and eating, which gives him plenty of energy for his next adventure.
