The Federal Board of Revenue (FBR) has increased sales tax documentation for all registered manufacturers and commercial importers, distributers and wholesalers.
Now, all the sales tax registered commercial importers, distributers and wholesalers making supply of taxable products would submit stock statement on monthly basis.
According to SRO55(I)/2025 issued here on Friday, the FBR has issued two new statements i.e. Annex-J (production data) and Annex-Hl (stock statement) for the relevant taxpayers as specified in the SRO55(I)/2025.
All registered manufacturers making supply of taxable goods shall furnish, in Annex-J (production data) of the monthly return’ details of goods manufactured or produced and goods supplied.
Provided further that all registered commercial importers, distributers, wholesalers making supply of taxable goods shall furnish’ in Annex-Hl (stock statement) of the monthly return, details of such goods purchased or imported and goods supplied.
Why not increase corporate taxes ?
Why are individuals paying more taxes then corporations ???
You can reach your targets easier if you put them through taxation .