Wednesday, 18 December 2024
Trending
How to Check and Verify Vehicle Ownership | Car Registration Online Check 8009 Nadra family verification system | 8009 Nadra online check | 8009 sms Nadra Apple IPhone XS Max PTA and Import TAX in Pakistan | Non PTA price in Pakistan 1500 Prize Bond Draw List 15 August 2022 Lesco Bill Check Online 2022 | How to Get Lesco Duplicate Bill Online 750 Prize Bond List 2022 | Prize Bond Schedule 2022 How to Check Number of Mobile SIMs Issued Against Your CNIC Prize Bond 750 list 2022 | Prize Bond Schedule 2022 200 Prize Bond Draw List 2022 15th March 2022 – Prize Bond Draw Schedule Dates and Results 2022 Imported LNG prices for gas companies increased Pakistani exporters trying to capture Chinese meat market FBR issued list of business sectors for mandatory income tax integration Tax returns from Karachi city low-income areas surprisingly on top Taxation of gifts in Pakistan FATF awarded another lifeline to Pakistan Which persons require to submit income tax returns ? Staff required/Jobs Alert: Tax Manager, Tax Specialist, Tax Analyst China launches 6G satellite: We are still on 4G Dubai Mall, launched VAT refund kiosks IRS refund status FBR disposed off cases without audit: Notices Issued FBR clarification: good news for overseas Pakistanis for taking exemption from tax on profit on bank deposits FBR launched online module for Greenfield investors status registration State bank issued list of chartered accountants firms for audit of banks Prices of all petroleum products increased: A New Year gift FBR allowed to taxpayers to file settlement application for agreed assessment FBR formed committee to improve Income Tax Return forms Tax audit of Rahat Fateh Ali Khan resumed on information of secret bank accounts Telecom sector tax share increases 129% in FY20: PTA FBR considering proposals to tax benefit to non-resident or overseas Pakistanis Corruption in Pakistan increased more than Afghanistan: Transparency International reveals Sales Tax Relief by Punjab Revenue Authority FBR will launch a track and trace system by July 2021 Income Tax Returns Filing Reached at Top Sales Tax Amendment: FBR to recover arrears through bank account attachment Track and Trace System: Contract signed between FBR and AJCL Naya Pakistan LDA Apartments: Bank of Punjab & LDA Sign Deal State Bank of Pakistan maintains Monetary Policy Rate unchanged at 7pc Soneri Bank declares Rs2,400m profit after tax FBR Exempts Judicial Allowance by Honoring Court Judgment FBR and Provincial Revenue Authorities sign MoU on Single Portal and Return for Sales Tax FATF's condition fulfilled, 15000 and 7500 Prize Bonds to be abolished Chairman FBR Inaugurates Anti-Benami Adjudicating Authority Secretariat Rs. 100 Prize Bond Draw Result & List Dated 17 May 2021 FBR Issues Clarification on Excessive Charge of Duties & Taxes on Mobile Phones Govt called for the National Assembly session on June 11 to present the budget Income Tax Returns Filing for Tax Year 2020 Reaches 2.93m Bad News for Salaried & Retired Employees in Upcoming Budget Government Seeks to Impose tax on Suspicious Gifts transactions among Relatives FBR field offices to remain open till midnight on 30th June
FATF condition fulfilled prize bonds discontinued 15000 and 7500
FINANCE

FATF’s condition fulfilled, 15000 and 7500 Prize Bonds to be abolished

By

Another condition of the Financial Action Task Force (FATF) has been met. The government decided to scrap 15,000 and 7,500 Prize bonds.

According to the details, the federal government has decided to scrap 15,000 and 7,500 Prize bonds. Investors have time till June 2021 to cash 15,000 prize bonds. Fifteen thousand prize bonds will be considered trash from July 1 2021. There will be no draw for 15,000 prize bonds.

The deadline for investors to cash 7,500 prize bonds is December 2021.

Prize Bonds holder can also deposit it in their bank account and can also buy savings certificates. The government has previously canceled 25,000 and 40,000 bonds to curb corruption and money laundering.

Prize bonds of Rs 7,500 which are worth Rs 126 billion are in circulation in the country. Prize bonds of Rs 15,000 which are worth Rs 190 billion are in circulation in the country.

According to the notification issued by the Ministry of Finance, on deposit of prize bonds in banks the bank will transfer the amount of prize bonds in their bank account.

tax accounting services top tax consultants lahore pakistan
Ads:

Prize Bonds | 15000 | 7500 | Saving Certificates | Bank Account | FATF

See also  HEC announces Scholarship Programme 2021 for Bachelors, One-Tier Masters, Masters and PhD studies
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"]

Tax.net.pk - Your Tax Experts and Consultants

Welcome to Tax.net.pk

Providing Expert Tax Services for Individuals and Businesses

About Us

At Tax.net.pk, we are dedicated to providing comprehensive tax solutions tailored to meet the needs of individuals and businesses. With years of experience in the industry, our team of tax experts is equipped to handle various tax matters, including tax planning, preparation of tax returns, and compliance.

We strive to stay up-to-date with the latest tax laws and regulations, ensuring that our clients receive accurate and reliable advice. Our commitment to client satisfaction and our in-depth knowledge of the tax landscape make us the trusted choice for all your tax-related needs.

Contact Us

For inquiries or to schedule a consultation, please reach out to us: