The federal cabinet has decided to take away the policy formation prerogative from the Federal Board of Revenue (FBR), the… Read More
SECP Servers Notices on 25 Brokerage Houses
The Securities and Exchange Commission of Pakistan (SECP) has served show-cause notices on almost 25 brokerage houses over non-compliance with… Read More
11 Tax Havens Have Refused to Share Information with Pakistan
Tax havens around the world have refused to cooperate with Pakistan in regards with sharing information on offshore assets as… Read More
Non-Filers Can No Longer Purchase New Cars: FBR
The Federal Board of Revenue (FBR) has imposed a restriction on non-filers from purchasing new motor vehicles manufactured in Pakistan… Read More
Govt Announces Duty Relief on Imported Vintage Cars
The government won’t charge any taxes on vintage or classic cars and jeeps.… Read More
Everything You Need to Know About FBR’s Amnesty Scheme [FAQs]
Following is the text of the Frequently Asked Questions (FAQS) distributed by the Federal Board of Revenue (FBR) during the… Read More
Shaheen Air International Resumes Operations After Tax Payment
Pakistan’s 2nd national flag carrier airline Shaheen Air International (SAI) has got itself into trouble after Civil Aviation Authority (CAA) and… Read More
No Tax on Mobile Cards Could Cause Loss of Rs. 123 Billion to National Exchequer
The decision to exempt the taxes on Rs 100 mobile phone cards will result in the annual loss of Rs… Read More
FBR Wants to Tax Revenue Earned by Digital Companies Like Google & Facebook in Pakistan
Pakistan has proposed to tax the tech giants like Facebook and Google to expand country’s tax net to foreign entities.… Read More
Non-Filers Can No Longer Purchase or Import New Cars
Governmant has barred non-filers from purchasing vehicles as well as any property worth over Rs 4 million.… Read More
Taxpayers Will Now be Audited After Selection Using Computer Balloting
FBR has approved the Tax Audit Policy 2017 after identifying the risk parameters for the selection of cases for audit.… Read More
Govt Reverses Import Policy Based on SRO 1067
Imported cars stuck at Karachi port will now be processed under old import policy as Cabinet has declared SRO 1067… Read More