FBR integrates E&P, Microfinance into Single Sales Tax Return

MG News | December 07, 2024 at 11:36 PM GMT+05:00

0:00

December 07, 2024 (MLN): The Federal Board of Revenue (FBR) and all the Provincial Revenue Authorities i.e. BRA, KPRA, SRB and PRA have unanimously agreed to extend scope of Single Sales Tax Return (SSTR) to additional two sectors i.e. E&P (Oil & Gas) Companies and Microfinance Banks.

Taxpayers registered in these two sectors are now required to file their sales tax returns for tax period November 2024 due in December 2024 and onwards on Single Sales Tax Return.

The revenue board announced this development via a press release issued on Friday.

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