Tag Archives: Online marketplaces decry 17pc tax on transactions

ISLAMABAD: Online Marketplaces (OMs) operating in the country have reacted strongly against the changes proposed in the Sales Tax Act 1990, fearing that the bulk of businesses would shift away from these online sale platforms and give rise to unregistered sellers. The Finance Bill proposed to place OMs under the definition of ‘Tier 1 Retailers’ and all transactions conducted via these platforms …

Read More »