The government on Thursday announced another hike in prices of petroleum products, taking the cumulative amount of all hikes since… Read More
Definition of IT and IT-Enabled Services Changed in Amended Finance Bill
The Federal Board of Revenue (FBR) has expanded the scope of the definition of IT and IT-enabled services. The board… Read More
Govt Introduces Massive Tax Changes in Finance Bill 2022
The government has introduced massive changes in the taxation measures taken in the federal budget (2022-23) through a wide range… Read More
FBR Asks NADRA to Fix the Taxpayer List
The Federal Board of Revenue (FBR) has asked the National Database and Registration Authority (NADRA) to remove defects in the… Read More
Motorways in Pakistan Are Getting Electronic Toll Plazas
National Highway Authority (NHA) and Frontier Works Organization (FWO) on Monday signed an agreement on the installation of electronic toll… Read More
FBR Constitutes Steering Committee For Implementation of IR Strategic Reform Plan (2021-2025)
The Federal Board of Revenue (FBR) has constituted a Steering Committee for Implementation of Inland Revenue (IR) Strategic Reform Plan… Read More
Govt of Pakistan Signs Debt Service Suspension Agreement With France
The Government of Pakistan signed a Debt Service Suspension Agreement with the French Republic, amounting to the suspension of loans… Read More
FBR Reduces Capital Value Tax on Vehicles Under Amended Finance Bill 2022
The Federal Board of Revenue (FBR) has reduced capital value tax (CVT) on vehicles from 2 percent to one percent… Read More
IMF Asks FBR to Increase Tax Burden on Salaried People
Federal Board of Revenue (FBR) Chairman Asim Ahmad Tuesday admitted that the International Monetary Fund (IMF) has rejected the Rs.… Read More
Non-resident Pakistanis Involved in Financial Transactions Will Now Have to Pay Income Tax
It has been proposed that non-resident persons in Pakistan without a Permanent Establishment (PE) who are deriving income in the… Read More
Govt to Remove Distortion in Sales Tax of Pharmaceutical Industry
The Government of Pakistan is considering removing distortion in the sales tax regime for the pharmaceutical sector in the coming… Read More
Finance Bill 2022 Won’t Include PTI Govt’s Tax Amnesty Scheme for Industries
The government will not extend the “The Income Tax (Amendment) Ordinance, 2022” or make it part of the Finance Bill… Read More
