Omission of withholding tax provisions There were 38 withholding tax provisions in the Income Tax Ordinance, 2001. This high number…
BUDGET
Budget News & Updates in Pakistan
Stay updated with the latest federal budget news, announcements, and financial developments in Pakistan. This category covers annual budget highlights, tax proposals, economic measures, government spending plans, revenue targets, and policy changes announced in the Finance Bill.
Readers can find detailed budget analysis, FBR-related changes, tax amendments, sector-wise impacts, and expert insights on how the national budget affects individuals, businesses, and the overall economy. Our goal is to provide clear and timely coverage of Pakistan’s budget and financial planning updates.
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…
