Tuesday, 30 May 2023
Trending
Lesco Bill Check Online 2022 | How to Get Lesco Duplicate Bill Online 1500 Prize Bond Draw List 15 August 2022 How to Check and Verify Vehicle Ownership | Car Registration Online Check Apple IPhone XS Max PTA and Import TAX in Pakistan | Non PTA price in Pakistan 8009 Nadra family verification system | 8009 Nadra online check | 8009 sms Nadra Prize Bond 750 list 2022 | Prize Bond Schedule 2022 How to Check Number of Mobile SIMs Issued Against Your CNIC 750 Prize Bond List 2022 | Prize Bond Schedule 2022 200 Prize Bond Draw List 2022 15th March 2022 – Prize Bond Draw Schedule Dates and Results 2022 Changes to offences and penalties under Finance Act 2021 FBR withdraws all appeals in exemption on foreign remittances Prize Bond Schedule 2022 Best Grocery Stores in Pakistan How to Withdraw Payoneer Money from JazzCash How to Check LESCO Bill Duplicate Online Prize Bond Draw Schedule 2022 FBR completed FATF actions on Anti Money Laundering and DNFBPs before deadline Taxation of gifts in Pakistan Definition of Beneficial Owners | Budget Proposals 2022-2023 Deadline extended for prize bond encashment of Rs15000, Rs25000, and Rs40000 How to Share Jazz Balance? World’s highest inheritance tax story of Samsung chairman Lee Kun Hee Tax & Accounting Jobs Let entrepreneurs work from parks ! FTO orders to probe tax officials involved in sales tax refund scam FBR Revises Property Valuation Rates of Immovable Properties in 40 Cities FBR’s National Single Sales Tax Return System Fully Functional Government Seeks to Impose tax on Suspicious Gifts transactions among Relatives What is Raast? How will it help to Citizens of Pakistan? FBR POS Invoice Lucky Draw Winners Result List June 15 2022 FBR Lucky Draw 15 June 2022 15000 Prize Bond List 2021 Announced, On 1st April 2021 Persons required to get sales tax registration with FBR HBL launches first Personal Finance Manager Solution powered by Hysab Kytab How to Register and login at FBR IRIS ? How to Get NTN Registration ? FATF retains Pakistan on grey list Revised Petrol Prices in Pakistan | Latest Good News License Issuance Procedures for Integration of Point of Sales of Tier-1 Retailers with FBR Good news: Petrol prices reduced by government PTBA highlighted issues in Active Taxpayer List Bitcoin fell to a three-month low on Monday FBR monitoring teams will assess sales of resisting Tier-1 retailers FBR implemented new tax regime for imported Items Finance Act 2021: fixed allowance to be treated as salary for income tax deduction Launch of single sales tax return to end fake and flying invoices File tax return or pay penalty for tax year 2020: FBR started issuing tax notices Eid Ul Adha Holidays in Pakistan 2022 FBR achieves historic revenue collection growth in November 2021 100 Prize Bond List 2022 | Prize Bond Draw Schedule 2022 FBR Amends Sales Tax Return Form to deny 60pc input tax to nonintegrated retailers
BUDGET

FBR called for income tax proposals for 2021/2022 budget

By

The Federal Board of Revenue (FBR) called for income tax proposals for the 2021/2022 budget and asked stakeholders to submit the same by February 15, 2021.

The FBR has asked suggestions from the tax offices including Large Taxpayer Offices (LTOs), Medium Tax Offices (MTOs), Corporate Tax Offices (CTOs) and Regional Tax Offices (RTOs) as well as traders and industries. It has also been told that attention should be paid to expanding the proposals. Tax base for widespread participation in revenue generation efforts.

Stakeholders are also asked to come up with a proposed proposal that includes relevant sections / clauses or rules where amendment is sought. Suggestions regarding any section of the Income Tax Ordinance 2001 or any principle of the Income Tax Rules 2002 should be presented with rationality and effect of revenue.

Federal Board of Revenue (FBR) said it is currently engaged in the formulation of proposals for the Finance Bill 2021. In order to benefit from the collective wisdom of all the stake-holders for improvement of tax policy, proposals invited for the upcoming Budget 2021-22.

FBR asked to provide the input/suggestions in the following policy areas shall be highly appreciated:- “Broadening of tax base for a wider participation in revenue generation efforts; Taxation of real Income on progressive basis; Phasing out of tax concessions and exemptions; Removal of tax distortions and anomalies; Facilitation of taxpayers and ease of doing business; Promoting equity in taxation by introducing measures where incidence of tax is higher on affluent classes.”

FBR |

FBR requested that the proposals may be provided by 15thFebruary, 2021. The proposals email in MS Word/Excel on the following e-mail addresses:
chief.itp@fbr.gov.pk
secv.itb(Wbr.qov.pk

FBR invited suggestions vide letter No C.No.4(72)IT-Budget/2015-6255-R dated: January 13, 2021.

FBR-Budget-Proposals-2021-2022
FBR Income Tax Proposals 2021-2022

Source | Federal Board of Revenue | FBR | Budget |

Top-Tax-Consultants-Lahore-Pakistan-Global-Tax-Consultants
A d v e r t i s e m e n t

LATEST POSTS

Tax-news-in-urdu
http://taxurdu.com

Related posts
BUDGET

Mini Budget to Present before Parliament Today

By
Table of Contents Mini Budget to Present before Parliament Today Mini Budget to Present before…
Read more
BUDGET

What is Latest Tax to GDP Ratio of Pakistan

By
Table of Contents What is Latest Tax to GDP Ratio of PakistanWhat is the tax GDP ratio?What are the…
Read more
BUDGET

What FBR achieved in the First Quarter of 2023

By
Table of Contents What FBR achieved in the First Quarter of 2023According to FBR the tax targets…
Read more
Newsletter
Subscribe Now

Sign up for  Daily Digest and get the best of News for you.

[contact-form-7 id="11414" title="Contact form 1"]