Pakistan's Federal Board of Revenue has issued a release on the 60% denial of input tax for retailers not integrated with the FBR's online system, which was increased from 15% as part of the Finance Act 2021.

---

FBR TO DENY 60 % INPUT TAX TO NON-INTEGRATED TIER-1 RETAILERS

Federal Board of Revenue (FBR) in its drive to integrate Tier-1 Retailers across the country, has issued Sales Tax Gen…