September 23, 2021
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Karachi Tax Bar Association (KTBA) has expressed dissatisfaction over the classification of income set in IRIS (portal for e-filing of income tax returns), citing various computational errors and glitches. In a letter sent to the…
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The FBR has been empowered to require any person or classes of person to integrate their invoice issuing system machines with the FBR’s computerised system for real time reporting of sales in the prescribed manner.…
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ADVANCE TAX ON ELECTRICITY – SECTION 235(1A), DIVISION IV, PART IV, FIRST SCHEDULE As per Section 235 of the Income Tax Ordinance, 2001 the Electricity supply companies are required to collect advance tax on the…
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A spokesman for the Federal Board of Revenue has vehemently denied reports in some newspapers of extending the date for filing income tax returns, saying no proposal was being considered at FBR headquarters. Spokesman FBR…
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The government has given legal cover to foreign remittances through Money Service Bureaus (MCBs), Exchange Companies (ECs) and Money Transfer Operators (MTOs), which would be considered as foreign exchange remitted from outside Pakistan through normal…
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Compulsory Digitized Payment for Expenditure by Companies: This is a highly discussed amendment made in the tax laws for the documentation of the economy. Government is considering to give a grace period of 40 days…
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National Database and Registration Authority (NADRA) has been empowered by government to compute income and tax liability of any citizen by use of artificial intelligence, mathematical or statistical modelling or any other modern device or…
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Federal Board of Revenue (FBR) is considering allowing the corporate taxpayers a grace period of 40 days to switch over to the digital mode of payments w.e.f. November 1, 2021 under Tax Laws (3rd Amendment)…
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How do I get a tax certificate from K Electric? / How will I get my Advance Tax Deduction certificate? There are four different ways to get tax certificate from K Electric: Tax Certificate Via…
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Zong Tax Certificate Each network of Pakistan has launched e-care, tech app, SMS and WhatsApp services to download tax certificate for required tax period for declaration in annual income tax returns. These all services are…
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