US and Turkey agree to end digital services tax

US and Turkey agree to end digital services tax

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,…

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State Bank reports complete ban on cryptocurrency and related activities in Pakistan

State Bank reports complete ban on cryptocurrency and related activities in Pakistan

A committee headed by the deputy governor of the State Bank of Pakistan (SBP) has recommended a complete ban on cryptocurrency, saying that allowing it could lead to an outflow of foreign exchange and illicit…

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Inflation Rate

Inflation Rate

What is Inflation? Inflation is an increase in the general price level of goods and services. When there is inflation in an economy, the value of money decreases because a given amount will buy fewer goods…

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Petrol Prices Worldwide Comparison in Pak Rupees

Petrol Prices Worldwide Comparison in Pak Rupees

The average price of petrol worldwide is 206.27 Pakistan Rupee per liter. However, there is substantial difference in these prices among countries. As a general rule, richer countries have higher prices while poorer countries and…

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Saudi Arabia imposing 3-year travel ban for citizens visiting ‘red list’ countries

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’. according to their state news agency SPA said on Tuesday. Peoples who in May were allowed to…

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FBR notifies Gabd (Gwadar) as TIR Border Crossing Point

FBR notifies Gabd (Gwadar) as TIR Border Crossing Point

Pakistan became a member of TIR (International Road Transport) Convention in 2017. TIR has 77 contracting parties including China, Afghanistan, Iran, Turkey and all Central Asian Republics (CARs). After becoming member, Pakistan notified sea and…

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Tax Deadline 2021 for World Corporate Income Taxes

Tax Deadline 2021 for World Corporate Income Taxes

Here, Tax deadlines for 2021, Income Tax Due dates or Tax Calendar is given for Individuals, Association of Persons (AOPs) and Company (Corporate Sector) of Pakistan and for World Corporate Income Tax deadlines for all…

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Pakistan made progress on all 27 points in FATF Action Plan

Pakistan made progress on all 27 points in FATF Action Plan

Pakistan has made progress on all the 27 benchmarks laid down in Financial Action Task Force (FATF) Action Plan and sent its compliance report to FATF near end January. This was claimed by government sources…

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Inheritance and gift tax rates around the world

Inheritance and gift tax rates around the world

This is the list of countries by inheritance tax rates and tax rates on the amount of gift. Inheritance tax is also termed as estate tax in some countries. Inheritance tax is normally charged to the…

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Top tax havens around the world

Top tax havens around the world

The top tax havens are island countries such as the British Virgin Islands, Samoa and Malta. Tax shelters are places where rich people keep money in foreign accounts for a different reasons, including tax evasion…

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