Omission of withholding tax provisions There were 38 withholding tax provisions in the Income Tax Ordinance, 2001. This high number…
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.
-
Karachi Tax Bar Association (KTBA) urges the Federal Board of Revenue (FBR) to issue fresh directions to banks for not…
-
In order to promote documentation and to streamline action, the concept of business bank account has been introduced in the…
-
Taxpayers are required to update their profile by June 30, 2021, to avoid penalty and exclusion from Active Taxpayers List…
-
The National Assembly of Pakistan on Tuesday approved the Finance Bill 2021-2022 with majority of votes. Prime Minister Imran Khan…
-
Finance Minister Shaukat Tarin has said the government will now extend the tax relief earlier to cars up to 850cc…
-
Tax experts have termed Federal Board of Revenue’s (FBR) three budgetary proposals are not practicable. These includes 1- collection of…
-
Federal Board of Revenue (FBR) has clarified that the table prescribing tax rates for minimum tax on turnover basis has…
-
The government has finally taken the decision to remove all income tax provisions from the Finance Bill, 2021, relating to…
-
The government proposed to exempt all registered political parties of Pakistan from the obligation of submitting their annual income tax…
