Month: July 2021
Omission and merger of withholding tax provisions in finance act 2021
Omission of withholding tax provisions There were 38 withholding tax provisions in the Income Tax Ordinance, 2001. This high number… Read More
KTBA urges FBR to issue directions to banks to stop withholding tax deduction on IT exports
Karachi Tax Bar Association (KTBA) urges the Federal Board of Revenue (FBR) to issue fresh directions to banks for not… Read More
Azad Jammu and Kashmir tax system connects with national tax system
The Azad Jammu and Kashmir (AJK) tax system was on Thursday connected with the national tax system of Pakistan. It… Read More
Taxation and changes for IT and IT enabled services, startups and freelancers
Let us see the taxation of IT and IT enabled services, freelancer and startups. Both income tax and sales tax… Read More
Govt reviews Auto Policy draft for the period from 2021 to 2026
The proposed Auto Industry Development and Export Policy (AIDEP) aims to increase the auto industry sector in Pakistan by increasing… Read More
Amazon denies news of accepting Bitcoin as payment
Amazon.com Inc on Monday denied about the news that the e-commerce giant was going to accept bitcoin payments by the… Read More
Govt to share tax record with NADRA through presidential ordinance
The federal government may introduce a presidential ordinance to provide record of existing three million taxpayers to the National Database… Read More
Saudi Arabia imposing 3-year travel ban for citizens visiting ‘red list’ countries
Saudi Arabia imposing a three-year travel ban on citizens travelling to those countries which are on the kingdom's 'red list'.… Read More
FBR issued SRO to Relax Conditions for Customs WEBOC Registration
The Federal Board of Revenue (FBR) has decided to relax conditions for the importers for obtaining "unique user identifiers" (UUIs)… Read More
FBR gets stay order against FTO’s move to investigate low tax recovery
The Federal Board of Revenue (FBR) has taken stay orders against the Federal Tax Ombudsman’s (FTO) decision to investigate the… Read More