May 20, 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…
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…
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…
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…
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…
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…
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 conference in Islamabad. Shortly after, Prime Minister Shehbaz Sharif took to Twitter to say that the decision would “save the...
If you want to check National Tax Number (NTN) by using CNIC Number then follow the below method: Open the website of FBR https://e.fbr.gov.pk/ Click on the tab “Search Taxpayers“ Click on the tab “NTN Inquiry“ To check NTN number in Pakistan, click on the “Taxpayer Profile Inquiry” option from the left sidebar. Select your relevant option from the drop-down. Provide your...
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 along with agro based products brings sizeable chunk of country’s total exports earnings. He also told that Pakistan is in...
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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…
As on Wed, Jun 09 2021, 07:08 GMT Gold Rate 24K Gold 22K Gold 21K Gold 18K Gold per Tola Gold Rs. 110300 Rs. 101108 Rs. 96513 Rs. 82725 per 10 Gram Rs. 94600 Rs.…
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…
In its recently held hybrid Plenary meeting, the Financial Action Task Force (FATF) has decided to keep Pakistan on the grey list. Pakistan will remain on the grey list till it addresses both items on…
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…
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,…
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…
Industrialists have raised their voice over the issues / problems in the Federal Board of Revenue’s (FBR) IRIS portal of National Single Sales Tax Returns. Even after the FBR had already extended the date to…
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…
Raast – Pakistan’s First Instant Digital Payment System Raast is Pakistan’s No. 1 instant digital payment system. It enables end-to-end digital payments between individuals and businesses all over the Pakistan. The Raast payment system was…
The Governor of the State Bank of Pakistan (SBP), Dr. Reza Baqir, gets a monthly salary of Rs. 2.5 million, according to a document submitted to the Senate Secretariat by the Finance Division. In a…
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…
During the Holy Month of Ramadan-ul-Mubarak 2022, the following office hours will be observed in the State Bank of Pakistan, which will also be followed by all banks / DFIs / MFBs. Banks / MFBs…
Honda Atlas Cars Limited (HACL) has recently revised the booking prices of its cars in response to the government’s notification that “the amount of partial payment from the customer should not exceed 20% of the…
The Pakistani car industry has grown exponentially with the arrival of several new car companies. Car Prices Increase in Pakistan in 2022 has become a major issue for car customers. While the competition has increased,…
The Federal Board of Revenue (FBR) has extended the deadline for implementing the revised FBR Property valuation rates 2022 of properties in 40 major urban cities by holding its notification in abeyance till January 31,…
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…
Which persons required to get sales tax registration ? Registration Section 14 of Sales Tax Act 1990 According to Registration provisions under Section 14(1) of Sales Tax Act, 1990, Every person engaged in making taxable supplies…
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…
How to Become Active Tax filler in FBR in 2022 What is Active Taxpayer List (ATL) Active taxpayer list is a record of taxpayers who have submitted their tax returns of previous years. It’s updated…
If you want to check National Tax Number (NTN) by using CNIC Number then follow the below method: Open the website of FBR https://e.fbr.gov.pk/ Click on the tab “Search Taxpayers“ Click on the tab “NTN Inquiry“ To check NTN number in Pakistan,…
A lot of sources confirmed about the design and key features of the upcoming iPhone 14 series (Coming soon). However now, a new leak has suggested the Apple iPhone 14 Pro Max price leak of…
Each of Pakistan’s provinces has a different Vehicle Registration, renewal and vehicle verification systems. However, the Excise Department has developed a Motor Transport Information Management System — MTMIS Punjab — that provides the status of…
The government has reduced office timings for federally administered public departments across the country. New office timings notification 6 May 2022 is available here with 6 days working hours and Friday Half day. According to…
FBR ASSETS & TAX DEDUCTIONS INQUIRY SYSTEM The FBR Assets Inquiry or FBR Maloomat portal allows citizens of Pakistan to access information about their assets and Tax payment activities without any hassle. The information on…
After the e-filing of Income Tax Return method for the taxpayers introduced by Federal Board of Revenue (FBR). A new problem has been experienced by some taxpayers that either taxpayer forgets his / her password…
CNIC condition to be waived on digital payment
The Federal Board of Revenue (FBR) may withdraw the condition of providing details of Computerized National Identity Card (CNIC) in case payment made through digital means. The Finance (Supplementary) Bill, 2021 proposed to waive the condition of…