Salary Increase of Government Employees in Budget Speech 2022-23 Pakistan
June 28, 2022
A bad news for salaried class in the shape of considerable high Revised Salary Income Tax Rates 2022-23 in the amended Finance Bill 2022. This change will be experienced by salaried class for the month of July 2022…
Steps to Check Active Taxpayer Status Here we will explain that how a taxpayer can check tax filer status online and even download the updated active taxpayer list (ATL). Active Taxpayer status / Tax Filer status can be checked in the following…
The Federal Board of Revenue (FBR) on Tuesday issued draft income tax return forms for tax year 2022. The FBR issued SRO 820(I)/2022 to notify the draft income tax return forms. The forms included: electronic return for…
Here on Friday, PM Shehbaz Sharif announced to impose a 10% super tax on 13 large scale industries. While addressing the nation, the PM said that the government has taken these “tough decisions” regarding the…
Pak Suzuki Motor Company (PSMC) has decided to discontinue Cultus car. According to media reports, Cultus will be officially discontinued in the upcoming months. According to media Reports, the sales of Cultus car were affected…
The Federal Board of Revenue (FBR) on Tuesday issued draft income tax return forms for tax year 2022. The FBR issued SRO 820(I)/2022 to notify the draft income tax return forms. The forms included: electronic return for…
Here on Friday, PM Shehbaz Sharif announced to impose a 10% super tax on 13 large scale industries. While addressing the nation, the PM said that the government has taken these “tough decisions” regarding the…
We have given here a list of the UK’s biggest and top tax evasion cases here. DOMINIC CHAPPELL Dominic Chappell, a UK top businessman who bought a UK based retailer BHS from Philip Green for…
Finance Minister Miftah Ismail to present budget for fiscal year 2022-23 today (Friday). The measures to be announced by the federal government in the budget being presented today would be important for the approval of…
Information Minister Marriyum Aurangzeb announced on Thursday that the government has imposed a ban on the import of 38 non-essential luxury items under an “emergency economic plan”. She made the announcement while addressing a press…
Pakistan Hi-Tech Hybrid Seed Association Sunday demanded of the government immediate withdrawal of 17% Sales Tax on all kinds of agricultural seeds to avoid shifting of its burden on poor people. According to him, agriculture…
The Federal Board of Revenue (FBR) on Tuesday issued draft income tax return forms for tax year 2022. The FBR issued SRO 820(I)/2022 to notify the draft income tax return forms. The forms included: electronic return for salaried individuals, Association of Person (AOPs), for business individuals; and for electronic return form for companies. FBR asked stakeholders to...
The State Bank of Pakistan (SBP) plans to issue commemorative banknotes of Rupees 75 to mark the 75th Independence Day of Pakistan. According to ProPakistani.pk, the Cabinet has approved the design of the Rupees 75 banknotes. Government directed the State Bank of Pakistan (SBP) to get the commemorative banknotes printed on paper locally in Pakistan. It...
What is Sales Tax Invoice? Sales Tax invoice issues for taxable supply of goods & services. Sales Tax invoice consists details like description of Goods Supplied, quantity, Rate of Goods, value of goods/service, Sales tax Rate charged thereon and other particulars. The Sales Tax Invoice also contains Information about officer authorized and prepared the invoice....
Admin
Admin
Admin
Admin
Admin
TaxUrdu.Com
Gold Rates in Pakistan Today | June 27 2022: The price of a single tola of 24-karat gold in Pakistan is Rs 142,600 on Monday. The price of 10 grams of 24k gold was recorded…
The Pakistani rupee slumped to a new historic low against US dollar in the interbank market on Thursday as the greenback gained Rs1.61 in intraday trading to reach an all-time high of Rs200. According to…
Gold Rate and Price today in Pakistan on 8 May 2022 is being sold for Rs. 114,460 per 10 grams, and the price / rate of Gold is Rs. 133500 per tola in Pakistan today.…
On Wednesday the Rupee currency gained a fresh Rs0.57 to Rs169.97 to a dollar in the inter-bank market. The rupee has recovered Rs5.3 since hitting the record low of Rs175.27 against the greenback on October…
The Pak-rupee extended losses against the US-dollar on Wednesday, owing to the higher demand for import payments. According to media reports, the exchange rate closed at Rs158.92. Against the greenback, compared with the previous day’s…
Currency Rate as per Open Market as on Wed, Jun 09 2021, 12:30 PST (GMT+5) Currency Symbol Buying Selling Australian Dollar AUD 119 121 US Dollar DD USD-DD 155.3 156.65 Bahrain Dinar BHD 386.5…
We have given here a list of the UK’s biggest and top tax evasion cases here. DOMINIC CHAPPELL Dominic Chappell, a UK top businessman who bought a UK based retailer BHS from Philip Green for…
Federal Board of Revenue (FBR) and Pakistan Telecommunication Authority (PTA) have jointly introduced / launched a temporary registration of Mobile Phones to facilitate overseas Pakistanis. To address the repeated concerns raised by Overseas Pakistanis (including…
The United Arab Emirates (UAE) Government is going to introduce a federal corporate tax rate on profits of businesses. UAE is initiating this step first time from June 1, 2023. Finance Ministry of UAE announced…
The world’s 10 wealthiest men doubled their fortunes during the first two years of the coronavirus pandemic as poverty and inequality soared, a report said on Monday. Oxfam said the men’s wealth jumped from $700…
The United States and Turkey have agreed to terms for withdrawal of Turkey’s digital services tax that largely targeted highly profitable U.S. technology giants and will transition to a new global taxation agreement in 2023,…
COLOMBO: Sri Lanka slapped a tax on road accidents in a drastic austerity budget unveiled Friday as the country faces a major foreign exchange crisis. Finance Minister Basil Rajapaksa said vehicle accidents will be taxed…
Steps to Check Active Taxpayer Status Here we will explain that how a taxpayer can check tax filer status online and even download the updated active taxpayer list (ATL). Active Taxpayer status / Tax Filer status can be checked in the following…
The Federal Board of Revenue (FBR) has revised the property valuation rates of immovable properties. FBR has reduced the property rates in 40 cities from March 1, 2022, by bringing down the irrational high market…
The Federal Board of Revenue (FBR) previously through office memorandum had already decided in February 2022 to re-notify new rates of immovable property valuation on March 1st, 2022. Pursuant to Statutory Regulatory Orders (SRO) No 1534(1)/ 2021 and 1572(1)/2021,…
The Federal Board of Revenue (FBR) will publish the Active Taxpayers’ List (ATL) for the Tax Year 2021 on 1 March 2022 in accordance with the provisions of Rule 81B of the Income Tax Rules,…
The Federal Board of Revenue (FBR) has said that it has resolved all the issues related to the online filing of Single National Sales Tax Return system, and it has now become fully functional. According…
The Federal Board of Revenue (FBR) has taken strong exception to the news story captioned, “Biggest tax scam surfaces in FBR,” published in a local English daily on 6 February 2022. Calling it “malicious in…
Pak Suzuki Motor Company (PSMC) has decided to discontinue Cultus car. According to media reports, Cultus will be officially discontinued in the upcoming months. According to media Reports, the sales of Cultus car were affected…
The National Information Technology Board (NITB), a department of the Ministry of Information Technology and Telecommunications. It has fully implemented an e-filing system in all ministries, ARY News reported on Sunday. The e-office system fully…
In Pakistan now a days everyone wants to know How to earn money from Amazon in Pakistan? here we will explain you ways to earn money from Amazon in Pakistan. Making earning online is very popular topic…
Elon Musk agreed a deal to buy Twitter for $44 billion on Monday in a transaction. That will shift control of the social media platform twitter to the world’s richest person. Discussions over the deal,…
Online money making isn’t difficult at all. “How to make money online without investment in Pakistan?” is a common query on Google. They become in doubt when they see a lot of results and different…
The Federal Board of Revenue (FBR) on Monday introduced mechanism for payment of sales tax refund to pharmaceutical sector. In order to implement the mechanism the FBR issued SRO 383(I)/2022. The FBR amended Sales Tax Rules,…
Central Bureau of Investigation (CBI) in India has filed a bank fraud case against DHFL promoters Kapil Wadhawan and Dheeraj Wadhawan for defrauding a consortium of 17 banks led by Union Bank of India for…
In order to facilitate the recovery of Government receipts, duties, and taxes at May 2022 end. State Bank of Pakistan decided that the field offices of SBP Banking Services Corporation (SBP-BSC) and authorized branches of…
State Bank of Pakistan (SBP) has issued an advisory against offshore foreign exchange trading websites and apps and has cautioned people against buying products or services from these platforms. SBP, in a statement, said that…
Federal Board of Revenue (FBR) has facilitated to taxpayers to pay duty and taxes through alternate delivery channels (ADC). The taxpayers had facility to make payment of following types of taxes through ADC: Customs Duty,…
The State Bank of Pakistan (SBP) has fixed the Nisab for Zakat deduction on bank accounts at Rs88,927 for the ongoing year. According to a statement issued by the Poverty Alleviation and Social Division Wednesday,…
The State Bank of Pakistan (SBP) relaxed financing conditions for housing units in under construction projects. The State Bank of Pakistan (SBP) issued a circular dated February 25, 2022 to ease the conditions for house…
Cellular mobile companies have once again increased the rates of call and data packages (Internet Packages) due to massive inflation in the country. Pakistan Telecom Mobile Limited (Ufone), Jazz and Telenor have all increased rates…
German carmaker Mercedes-Benz recalls about one million older cars globally. Due to a problem with the braking system, the federal transport authority (KBA) explained. The federal transport authority (KBA) said in a statement dated June…
After massive hike in petrol prices twice in a week, and increase in electricity prices, now Oil and Gas Regulatory Authority (OGRA) on Friday allowed an increase of up to 45 percent in prices of…
How to get an Import & Export License In Pakistan (Pakistan Single Window Act 2021) ? The Pakistan Single Window system started by rolling out in July 2021 with Phase 1 estimated for completion in…
Information Minister Marriyum Aurangzeb announced on Thursday that the Pakistan bans Imports of 38 non-essential luxury items under an “emergency economic plan”. She made the announcement while addressing a press conference in Islamabad. List of…
Social media platforms like Facebook, Instagram, Twitter and Linkedin have become a way of life in present times. With the user engagement on these platforms at these escalated levels, the natural question is: Can these…
Here on Friday, PM Shehbaz Sharif announced to impose a 10% super tax on 13 large scale industries. While addressing the nation, the PM said that the government has taken these “tough decisions” regarding the…
Finance Minister Miftah Ismail to present budget for fiscal year 2022-23 today (Friday). The measures to be announced by the federal government in the budget being presented today would be important for the approval of…
The federal cabinet Tuesday approved a summary moved by the finance ministry, to promulgate an ordinance to offer a third tax amnesty scheme to industrialists. The Ministry of Finance circulated a summary among the federal…
The government has imposed a 17 percent sales tax on supplies to hospitals, has increased the operational cost of hospitals and medical treatment. Presentation was given by the leading hospitals to the Federal Board of…
To explain the term digital means, amendments have been made to Income Tax Ordinance 2001. A Clause 17B of Section 2 has been inserted to the Ordinance through Finance (Supplementary) Act, 2022. According to the clause,…
NA approves State Bank of Pakistan (Amendment) Bill 2021 and supplementary finance bill with some amendments proposed by govt, PTI allies. In the amended bill, govt rolls back its plan to impose additional sales taxes…
The Federal Board of Revenue (FBR) on Tuesday issued draft income tax return forms for tax year 2022. The FBR issued SRO 820(I)/2022 to notify the draft income tax return forms. The forms included: electronic return for…
Information Minister Marriyum Aurangzeb announced on Thursday that the government has imposed a ban on the import of 38 non-essential luxury items under an “emergency economic plan”. She made the announcement while addressing a press…
Pakistan Hi-Tech Hybrid Seed Association Sunday demanded of the government immediate withdrawal of 17% Sales Tax on all kinds of agricultural seeds to avoid shifting of its burden on poor people. According to him, agriculture…
The federal government on Wednesday appointed Muhammad Asim Ahmad as Chairman Federal Board of Revenue (FBR). Asim Ahmad appointed in replacement of Dr. Ashfaq Ahmed as new FBR Chairman. A notification to this effect also…
The Federal Government has decided to change Federal Board of Revenue (FBR) Chairman Ashfaq Ahmed, ARY News reported, quoting informed sources. Asim Ahmed, an officer from the Inland Revenue Service (IRS), has been proposed for…
The Federal Board of Revenue (FBR) has brought amendment in the monthly sales tax return form to disallow 60 percent input tax credit to big nonintegrated Tier-1 retailers who have still not integrated their businesses…
The State Bank of Pakistan (SBP) plans to issue commemorative banknotes of Rupees 75 to mark the 75th Independence Day of Pakistan. According to ProPakistani.pk, the Cabinet has approved the design of the Rupees 75 banknotes.…
What is Sales Tax Invoice? Sales Tax invoice issues for taxable supply of goods & services. Sales Tax invoice consists details like description of Goods Supplied, quantity, Rate of Goods, value of goods/service, Sales tax…
A special meeting of the federal cabinet on Friday approved the proposed federal budget for the fiscal year 2022-23. The special cabinet meeting headed by PM Shehbaz Sharif and attended by federal ministers, advisers, special…
About Lesco Bill Advance Income Tax Certificate Under Section 235 ? According to Section 235 of The Income Tax Ordinance, 2001: (1) There shall be collected advance tax at the rates specified in Part-IV of the First Schedule on…
Here we are going to discuss everything you should know about the calculation of tax on your salary income according to the latest Salary tax slabs 2021-2022 rates in Pakistan. There are different Income Tax Slabs for 2021-2022…
Here we are going to discuss everything you should know about the calculation of tax on your salary income according to the latest Salary tax slabs 2021-2022 rates in Pakistan. DIVISION OF SALARY INCOME IN PAKISTAN Salary Income is…
