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Home Islamabad

FBR imposes 5% ST on corporate law & tax consultants

byShahid Minhas
06/06/2018
in Islamabad, Latest News
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ISLAMABAD: Federal Board of Revenue (FBR) has imposed 5% sales tax on corporate law & tax consultants, public relation services and airport services serving within Islamabad Capital Territory (ICT) with effect from July 1, 2018.

Sources told Customs Today that FBR has increased the scope of services under Islamabad Capital Territory tax on Services Ordinance, 2001 considering that services which are chargeable to sales tax in provinces are not charged to sales tax under Islamabad Capital Territory (Tax on Services) Ordinance, 2001. Under this cross net, the Board has imposed sales tax on services comprising public relation services, corporate law consultants and auction services.

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Sources further said that under this scope of Islamabad Capital Territory Tax on Services Ordinance, 2001, five percent sales tax was imposed on services including visa processing services, airport service, floral, other decoration, furnishing of space, ancillary or allied services and accessories, photography/filmmaking services, services provided by accountants (including practicing chartered or cost accountants), auditors, actuaries, corporate tax consultants, liquidators, auctioneers and corporate law consultants, public relation services and auction services.

It is important to mention here that the aforesaid services are already chargeable on provincial level i.e. Sindh sales tax on Services Act 2011 and Punjab sales tax on Services Act 2012; however, FBR imposed sales tax on these services comes under ICT.

 

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