Under the International Monetary Fund (IMF) agreement, Pakistan will raise additional revenue of 1.4% of its economy size or more…
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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Through the Finance Act, 2020, the Government of the Punjab reduced the rate of Punjab Sales Tax on Services from…
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The Federal Board of Revenue (FBR) called for income tax proposals for the 2021/2022 budget and asked stakeholders to submit…
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FBR allowed to taxpayers to file settlement application for agreed assessment. The Federal Board of Revenue has issued a statement…
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Retailers registered with the Federal Board of Revenue (FBR) have begun obtaining details of computerized national identity cards (CNICs) from…
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Disallowance of Commission Amendment made through Finance Act 2019, to disallow any expenditure incurred on account of commission in respect…
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FBR issued circular no. 03 of 2020, dated 3rd September, 2020. Whereby, FBR allowed adjustability of property expenses against income…
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Federal Board of Revenue FBR increased the limit of turnover for withholding agents. Taxpayers having turnover above Rs 100 million…
Finance Act 2020 | FBR Budget Salient Features | Tax Year 2021 | Industrial Relief Measures Exemption of additional custom…
