Month: February 2021
The rupee touches a three-month high
Rupee Currency has appreciated by Rs 1.4 against the dollar since the beginning of February. The rupee appreciated by Rs… Read More
Taxpayers to update profile to avoid penalty, and exclusion from ATL
FBR advised to Taxpayers to update their profile by March 31, 2021 to avoid any penalty and further exclusion of… Read More
FBR Encouraged Taxpayers’ to get their legal cases resolved through ADRC
FBR Encouraged taxpayers to resolve cases through ADRC immediately. FBR issued a press release at February 02, 2021 for information… Read More
Sales Tax Relief by Punjab Revenue Authority
Through the Finance Act, 2020, the Government of the Punjab reduced the rate of Punjab Sales Tax on Services from… Read More
Clearance in Sky: Pakistan Customs introduced a pre-arrival clearance facility
Pakistan has introduced a system for pre-arrival clearance of imported goods coming through the air route. It will help to… Read More
Govt imposing additional taxes on cars from next week
It was learned on Friday that the government is considering issuing a tax amendment ordinance next week. Sources said that… Read More
FBR Abolished Additional Customs Duty on Import of Electric vehicles
Federal Board of Revenue (FBR) has abolished additional customs duties on the import of electric vehicles by June 30, 2025.… Read More
Auto loans increased by 19% to Rs. 41 Billion in December 2020
Auto loans reportedly increased by 19% to Rs. 41 Billion in December 2020 after interest rate cuts and resumption of… Read More
FBR introducing tax stamps for track & trace system from July 2021
The Federal Board of Revenue (FBR) expects to introduce tax stamps on products in various sectors from July 2021. FBR… Read More
Tax on Agricultural Income in Pakistan
Tax on Agricultural Income in Punjab Agricultural income is an exempt income from tax under section 41 of the Income… Read More