FBR Streamlines Sales Tax Registration for Businesses

The Federal Board of Revenue (FBR) announced new measures to streamline sales tax registration, processing low-risk applications via the IRIS portal within three working days if complete. Field offices are barred from demanding unnecessary documents, and sectoral associations can issue pre-registration certificates to manufacturers to expedite verification. This move aims to enhance the ease of doing business and improve tax compliance in Pakistan. While a positive step for the economy, its direct impact on gold or currency rates in Pakistan is expected to be limited.

بحوالہ / Source: www.dawn.com