Pakistan Regulatory Updates August 2024

The Federal Board of Revenue (FBR) in Pakistan has recently issued a detailed guide designed to help taxpayers navigate the basics of sales tax—an essential step for seamless registration and filing.

Sales tax, an indirect tax enforced by the Federal Government under the Sales Tax Act of 1990, is applicable to the sale and supply of goods as well as imports.

To file a sales tax return, individuals or businesses must first register with the FBR and obtain a Sales Tax Registration Number (STRN). This registration process is straightforward and can be completed online via the FBR’s Iris Portal.