Mounting Concerns as Electricity Bills Reveal a Myriad of Taxes and Duties
Karachi, September 12, 2023 – The rising concern over inflated electricity prices has brought to light a myriad of duty and taxes, in addition to[…]
Pakistan Implements Penalty for Cash Payments in Property Purchases
Karachi, September 14, 2023 – Pakistan has taken a significant step towards curbing cash-based transactions in the real estate sector by introducing penalties for cash[…]
Shamshad queries FBR on plans to plug Rs9.4tr annual target, revenue gap
Govt focused on addressing Rs1 trillion revenue leakages. FBR identifies 5 major areas to fill expected revenue shortfall. Transit trade with Afghanistan causes smuggling of $2[…]
Income Tax Ordinance, 2001: Commissioner IR can issue assessment order on day return filed
KARACHI: Federal Board of Revenue (FBR) has empowered Commissioner Inland Revenue (IR) to issue assessment order against a return even on the date the return[…]
SBP launches campaign for National Financial Literary Program on January 15
KARACHI: To create awareness about the National Financial Literary Program (NFLP) and more specifically, sensitize the masses regarding the on-ground execution, a dedicated NFLP mass[…]
FBR issues updated withholding tax card for Tax Year 2019
ISLAMABAD: Federal Board of Revenue (FBR) has issued updated rate card of withholding tax for Tax Year 2019 incorporating amendments made through Finance Supplementary Act,[…]