The federal government has decided to waive the penalty on the late filers of the income tax returns, State Minister for… Read More
FBR & NTC Sign MoU to Integrate Automated Customs Clearance with Other Authorities
Federal Board of Revenue (FBR) and National Tariff Commission (NTC) have signed a memorandum of understanding (MoU) for the electronic… Read More
Govt to Reduce Income Tax on Salaried People in a Bid to Gain Support for Elections
“The government will announce a tax-free budget and cut income tax and regulatory duty rates in a bid to provide… Read More
FBR Proposes Minimal Tax Rates for Offshore Tax Evaders Under Amnesty Scheme
The tax authorities say that Pakistan can get $5 to $10 billion back into its economy by offering lower tax… Read More
Tax Revenues Jump to Rs. 1.7 Trillion But Still Lag Behind Targets
Revenue collection has increased significantly however it still hasn’t reached FBR’s target. As of Saturday, the Federal Board of Revenue… Read More
Here’s How Much Withholding Tax You’ll Pay for Buying & Selling Property
The Federal Board of Revenue has updated its Withholding Tax Card for 2017/18 enforcing fixed percentages as advanced income tax for… Read More
FBR to Increase Minimum Tax On Firms & Individuals
Federal Board of Revenue (FBR) has put forth a proposal which will see firms and individuals pay 25% more in… Read More
No Tax on Remittances by Expat Workers: Saudi Finance Ministry
Just days after the Kingdom’s Advisory Shoura Council said that it was looking to impose a 6 percent tax on… Read More
Taxpayers Face Trouble Filing their Tax Return Online with IRIS
It wouldn’t be a complete day if something ridiculous didn’t happen in Pakistan. Karachi Tax Bar Association (KTBA) has revealed… Read More
Petition Against Tax Hike on Telecom Services Filed in SC
A petition has been filed in the Supreme Court of Pakistan seeking the exception on tax hike announced in recently… Read More
FPCCI Proposes Monthly Tax on Cellular Connections
The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has given proposals to government, asking it to take necessary… Read More
Telenor Gets High Tax Payer Award
Telenor Pakistan has won the High Tax Payer Award of Excellence from Pakistan Customs (Islamabad Collectorate) for the year 2010-11,… Read More