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  • SRO - ST - Increase in Retailer's Scope

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    Muhammad Khalid Hafeez Rao
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    The notification from the Government of Pakistan and Federal Board of Revenue amends sales tax rules regarding tier-1 retailers. It adds a new sub-rule that defines the prescribed threshold for tier-1 retailers under sub-clause (g) of clause (43A) of section 2 as a retailer whose deductible withholding tax under section 236H of the Income Tax Ordinance of 2001 has exceeded Rs. 100,000. This establishes a threshold for tier-1 retailers based on their deductible withholding tax amount.

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    The notification from the Government of Pakistan and Federal Board of Revenue amends sales tax rules regarding tier-1 retailers. It adds a new sub-rule that defines the prescribed threshold for tier-1 retailers under sub-clause (g) of clause (43A) of section 2 as a retailer whose deductible withholding tax under section 236H of the Income Tax Ordinance of 2001 has exceeded Rs. 100,000. This establishes a threshold for tier-1 retailers based on their deductible withholding tax amount.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    2 views1 page

    SRO - ST - Increase in Retailer's Scope

    Uploaded by

    Muhammad Khalid Hafeez Rao
    The notification from the Government of Pakistan and Federal Board of Revenue amends sales tax rules regarding tier-1 retailers. It adds a new sub-rule that defines the prescribed threshold for tier-1 retailers under sub-clause (g) of clause (43A) of section 2 as a retailer whose deductible withholding tax under section 236H of the Income Tax Ordinance of 2001 has exceeded Rs. 100,000. This establishes a threshold for tier-1 retailers based on their deductible withholding tax amount.

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    © All Rights Reserved
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    Government of Pakistan

    Revenue Division
    Federal Board of Revenue
    *****

    Notification

    Islamabad, the 21st December, 2023.

    S.R.O. (1)/2023.- In exercise of the powers conferred by section 50 of


    the Sales Tax Act, 1990, read with sub-clause (g) of clause (43A) of section 2 and
    section 56 thereof, the Federal Board of Revenue is pleased to direct that the
    following further amendment shall be made in the Sales Tax Rules, 2006,
    namely:-

    In the aforesaid rules, in Chapter XIV-AA, in the rules 150ZEA, after sub-
    rule (4), the following sub-rule (5) shall be added, namely:-

    "(5) Prescribed threshold under sub-clause (g) of clause (43A) of


    section 2 of Tier-I Retailer shall be a retailer whose deductible withholding
    tax under section 236H of the Income Tax Ordinance, 2001 (XLIX of 2001),
    has exceeded Rs. 100,000."

    [C.No. 78/POS/IR/2023]
    Q1119eL3
    (Zahid1aig)
    Second Secretary (ST & FE-Policy)

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