The government is considering over a presidential ordinance to withdraw sales tax exemptions, zero-rating, and reduced sales tax rates to…
BUDGET
Find the latest updates on the Pakistan Federal Budget. This section explains important changes in taxes, policies, and government plans in simple words so individuals and businesses can easily understand how the budget affects them.
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In case a person unable to file annual Income Tax return and wealth statement by due date he has right…
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Within third month of passage of Finance Act, 2021, the Government felt the need of introducing amendments in the Tax…
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ADVANCE TAX ON ELECTRICITY – SECTION 235(1A), DIVISION IV, PART IV, FIRST SCHEDULE As per Section 235 of the Income…
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Compulsory Digitized Payment for Expenditure by Companies: This is a highly discussed amendment made in the tax laws for the…
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Federal Board of Revenue (FBR) is considering allowing the corporate taxpayers a grace period of 40 days to switch over…
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Amendments in Finance Act 2021 regarding Salary Income “Provisions of clause (c) of sub-section (2) of section 12 were prone…
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The Income Tax (Second Amendment) Ordinance, 2021 promulgated in March 2021 was proposed to be made part of the Bill…
Under section 13 of The Sales Tax Act 1990, the Sixth Schedule of the Sales Tax Act, 1990 specifically and…
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FBR Issues Clarification “Federal Board of Revenue (FBR) has issued a clarification on a news story titled “1 pc advance…
