Updates
Staff required/Jobs Alert: Tax Manager, Tax Specialist, Tax Analyst
Jobs alert | situation vacant | vacancy | Staff Required | Tax Manager | Tax Specialist | Tax Accountant
Updates Page 12
234 articles
Updates
Rules amended by FBR: Issued time limit for notifying income tax return form
The FBR has issued draft rules for the purpose of setting timelines in respect of various steps involved in notifying income tax return forms for a tax year vide SRO 1041 dated…
Updates
Sales tax rates updated on services of restaurants
Sindh Revenue Board (SRB) has notified sales tax rates on services rendered by restaurants in the province. The SRB issued working tariff on November 01, 2020 updating rates of sales tax on…
Updates
MoU Signed: CAP assured FBR to integrate all retailers tills/PoS by November 30, 2020
MoU signed between Federal Board of Revenue and the Representatives of the ChainStores Association of Pakistan (CAP). To ensure effective and efficient integration of Point of Sales (PoS)/ tills. Installed at Tier…
Updates
PTI government considering another tax amnesty scheme
The PTI government is considering another amnesty scheme. It will be third in two years. On black foreign currency held by Pakistani nationals. Financial Action Task Force (FATF) and the International Monetary…
Updates
FBR upgrades FASTER to FASTER PLUS system for issuance of Refunds
FBR’s automation process of refund of Sales Tax started in 2002. Through introduction of STARR system a semi-automated system. Refund claimants would file refund claims through Refund Claims Preparatory System (RCPS). Data…
Updates
Increase of tax on profit on debt for the persons other than companies
Previously, upto tax year 2019, the persons (mentioned in clauses a to d of sub section (1) of section 151) other than the companies were liable to tax on profit on debt…
Updates
FBR introduced income tax return form in Urdu language
Federal Board of Revenue (FBR) has introduced income tax return form in Urdu language. In order to facilitate taxpayers, a FBR spokesman said on Wednesday. The spokesman said that on the vision…
Updates
FBR decided to introduce an automated system of online filing of tax appeals
The Federal Board of Revenue has decided to introduce an automated system of electronic filing of appeals. This system will enable to taxpayers to file there appeal matters with Commissioner appeals online.…
Updates
FBR issued list of business sectors for mandatory income tax integration
Federal Board of Revenue (FBR) issued list of business sectors for mandatory income tax integration under income tax laws. SRO issued vide no 779(I)/2020 by FBR to amend Income Tax Rules 2002.…
Updates
FBR tax offices renamed
Federal Board of Revenue (FBR) on Monday issued an office order under Section 4(1)(r) of FBR Act, 2007. Whereby FBR renamed it's field offices of three major cities. The new names of…
Updates
No more withholding tax on educational fees
Federal Board of Revenue (FBR) revised withholding tax rate on educational fee. Applicable from the tax year 2021. Tax card uploaded by FBR revised up to 30th June 2020 though Finance Act…
Updates
FBR implemented new tax regime for imported Items
The Federal Board of Revenue (FBR) on Wednesday implemented rules for taxing imported goods. FBR introduced it through (Twelfth Schedule of Income Tax Ordinance, 2001) Schedule XII of the Income Tax Ordinance…
Updates
PM Imran Khan Big Incentive for Construction Industry In Pakistan
The President of the SAARC Chamber of Commerce and Industry said that the massive package for the construction industry is a ray of hope at a time when the industry is being…