Cyber attack on FBR websites, affected all data centers, and shipments
The Federal Board of Revenue (FBR) has been the target of a cyber attack by hackers that has shut…
List of sales tax exemptions granted in budget 2021-2022
Under section 13 of The Sales Tax Act 1990, the Sixth Schedule of the Sales Tax Act, 1990…
FBR issued list of identified Tier1 nonintegrated retailers
The Federal Board of Revenue (FBR) has advised Tier-1 Retailers to integrate their systems with the…
Govt Considers to end 1% Bank Deduction on IT Export Remittance
The government is considering over stopping banks from deducting 1% or 2% percent tax on IT foreign…
Taxation and changes for IT and IT enabled services, startups and freelancers
Let us see the taxation of IT and IT enabled services, freelancer and startups. Both income tax and…
Updated Tax Exemptions and Tax Credits for the Financial Year 2021-2022
Income Tax Ordinance, 2001 provides for tax exemptions, tax credits, reduced tax rates, and…
FBR Issues Circular for Tax Recovery Procedures From Cooperative Housing Societies
Federal Board of Revenue (FBR) issued Circular No. 3 of 2022 Dated: July 5th, 2021 regarding…
FBR Explains Changes in Minimum Turnover Tax
The minimum turnover tax of 0.75 percent would be applicable on the oil marketing companies, Sui…
FBR issues SRO for procedure of electronic audit of income tax cases
The Federal Board of Revenue (FBR) on Tuesday issued a procedure for selection and conducting…
Auto Financing by banks hit an all-time high
Auto financing by banks hit an all-time high of Rs297.5 billion in Pakistan. As consumers’ hunger…
