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Author: fayyaz

fayyaz

WORLD TAXES
Highest Statutory Corporate Income Tax Rates in the World, 2019

Highest Statutory Corporate Income Tax Rates in the World, 2019

Country Name Continent Name Tax Rate United Arab Emirates* Asia 55% Comoros Africa 50% Puerto Rico North America 37.5% Suriname South America 36% Chad Africa 35% Democratic Republic of the Congo Africa 35% Equatorial Guinea…

MARKETS
US dollar inflated by 4 paisa

US dollar inflated by 4 paisa

Lahore: The US dollar is four paise more expensive against the rupee During the second day of this week, the value of US dollar once again increased by four paise. According to the details, the…

TAXATION
No sales tax on wheat flour and related items

No sales tax on wheat flour and related items

ISLAMABAD: It is for general information and in order to avoid any confusion on the matter mentioned above. It is clarified that no sales tax had been imposed on wheat flour in any form of…

Businesses
FBR issues formula for calculation of capital gain tax on sale of immovable property

FBR issues formula for calculation of capital gain tax on sale of immovable property

ISLAMABAD: Federal Board of Revenue (FBR) issued formula for calculation of capital gain tax (CGT) on sale of immovable property. This amended through Finance Act, 2020 presented in June 2020. The National Assembly approved the…