Corporate tax exemptions
Following tax exemptions are available to corporate taxpayers:Profits arrived from the business…
Penalties will not be imposed on late filers of income tax returns: FBR
The Federal Board of Revenue (FBR) has decided to not penalize late filers across the board for…
Income Tax Return Filing reached at it's peak
Income tax return filing reached at it’s peak of 3.03 million for tax year 2019, according to…
The State bank of Pakistan launching a new payment system called ‘Raast’
SBP going to launch a new digital payment system ‘RAAST’ from next week.The State…
FBR formed committee to improve Income Tax Return forms
The Federal Board of Revenue (FBR) on Friday formed a committee to simplify income tax returns for…
Significant progresses in corporate taxes
Currently, the Government of Pakistan has introduced amendments in the following areas, taking into…
Company tax return
Taxable periodThe tax year for company tax return is starting from 1 July through 30 June.
FBR issued no of tax returns submitted up to year end 2020
According to a statement issued by Federal Board of Revenue (FBR) they have received 2.3 million…
40 percent of registered taxpayers do not file sales tax forms
Forty percent (40%) of the taxpayers registered with the Sales Tax Directorate do not submit their…
State bank issued list of chartered accountants firms for audit of banks
State Bank of Pakistan (SBP) recently issued updated list of chartered accountants firms / audit…
