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UPDATES
Income Tax Returns of Members of National Assembly released

Income Tax Returns of Members of National Assembly released

Income Tax Returns of Members of National Assembly released. Prime Minister Imran Khan owns more than 80 million assets. Details of the tax returns of the members of the National Assembly for the year 2019-20…

Businesses
Digital Pakistan: PTCL to launch public Cloud platform

Digital Pakistan: PTCL to launch public Cloud platform

Digital Pakistan: PTCL to launch public Cloud platform. Digital Pakistan is another step forward towards technological prosperity of Pakistan. It is a change which aimed that all segments of the society will have equal access…

BUDGET
Disallowance of Commission: Commission in respect of Third Schedule Items

Disallowance of Commission: Commission in respect of Third Schedule Items

Disallowance of Commission Amendment made through Finance Act 2019, to disallow any expenditure incurred on account of commission in respect of supplies covered by the Third Schedule to the Sales Tax Act, 1990 (STA), if…

UPDATES
Staff required/Jobs Alert: Tax Manager, Tax Specialist, Tax Analyst

Staff required/Jobs Alert: Tax Manager, Tax Specialist, Tax Analyst

Jobs alert | situation vacant | vacancy | Staff Required | Tax Manager | Tax Specialist | Tax Accountant

Businesses
Free Payment Service launched by WhatsApp

Free Payment Service launched by WhatsApp

Free Payment Service Introduced by WhatsApp WhatsApp has introduced a free payment service in India. It will soon become the world’s most popular messaging application super app. The service will allow people to send money…

UPDATES
Rules amended by FBR: Issued time limit for notifying income tax return form

Rules amended by FBR: Issued time limit for notifying income tax return form

Amendment of Rules The FBR has issued draft rules for the purpose of setting timelines in respect of various steps involved in notifying income tax return forms for a tax year vide SRO 1041 dated…

TAXATION
Sales tax refunds: Required documents & process

Sales tax refunds: Required documents & process

Sales tax refunds: Required documents & process. Who can claim sales tax refunds ? Registered manufacturer- cum-exporters and commercial exporters with zero rated supplies. A Registered persons who pay tax inputs for use in manufacture…

UPDATES
Sales tax rates updated on services of restaurants

Sales tax rates updated on services of restaurants

Sindh Revenue Board (SRB) has notified sales tax rates on services rendered by restaurants in the province. Sindh Revenue Board (SRB) Sales tax on Restaurants revised The SRB issued working tariff on November 01, 2020…

UPDATES
MoU Signed: CAP assured FBR to integrate all retailers tills/PoS by November 30, 2020

MoU Signed: CAP assured FBR to integrate all retailers tills/PoS by November 30, 2020

CAP assured FBR to integrate all retailers tills/PoS by November 30, 2020. MoU Signed between FBR & CAP MoU signed between Federal Board of Revenue and the Representatives of the ChainStores Association of Pakistan (CAP).…

TAXATION
Taxpayers Profiling: Submit otherwise ready to be inactive

Taxpayers Profiling: Submit otherwise ready to be inactive

The return filers now require to submit “Taxpayer’s Profile”. These include particulars of bank accounts, utility connections, business premises including all manufacturing, storage or retail outlets etc. Which Persons required to submit taxpayer’s profile ?…