TAXATIONJuly 7, 2021FBR Explains Changes in Minimum Turnover Tax By Admin The minimum turnover tax of 0.75 percent would be applicable on the oil marketing companies, Sui…Read more
BUDGETJune 30, 2021National Assembly Approved Finance Bill 2021-2022 By Admin The National Assembly of Pakistan on Tuesday approved the Finance Bill 2021-2022 with majority of…Read more
BUDGETJune 25, 2021Tax benefit extended to cars up to 1,000cc By Admin Finance Minister Shaukat Tarin has said the government will now extend the tax relief earlier to…Read more
BUDGETJune 22, 2021FBR issues clarification on FMCG By Admin Federal Board of Revenue (FBR) has clarified that the table prescribing tax rates for minimum tax on…Read more
UPDATESJune 22, 2021Senate Panel criticized FBR for sending tax notices By Admin Senate Standing Committee on Finance on Monday criticized the Federal Board of Revenue’s (FBR)…Read more
BUDGETJune 19, 2021Govt decides to withdraw arrestment powers on concealment of Income By Admin The government has finally taken the decision to remove all income tax provisions from the Finance…Read more
UPDATESJune 18, 2021Government Seeks to Impose tax on Suspicious Gifts transactions among Relatives By Admin The standing committee informed and proposed that an amendment is under way to streamline legality…Read more
BUDGETJune 15, 2021FBR Officers Authorized to Arrest Anyone on Concealment of Income By Admin The Inland Revenue officers of the Federal Board of Revenue (FBR) have been given unlimited powers…Read more
BUDGETJune 15, 2021Taxes on Salaries and Pensions: FBR Issues Clarification By Admin Federal Board of Revenue (FBR) issued a clarification on a news published in the daily Express…Read more
UPDATESJune 9, 2021FTO ordered an investigation against officials of CTO Lahore against recovery of tax without notice By Admin The Federal Tax Ombudsman (FTO) has passed an order against the corporate tax office, Lahore (CTO)…Read more