BUDGETAugust 10, 2021List of sales tax exemptions granted in budget 2021-2022 By Admin Under section 13 of The Sales Tax Act 1990, the Sixth Schedule of the Sales Tax Act, 1990…Read more
TAXATIONAugust 9, 2021Updated tax provisions for property rental income in budget 2021-22 By Admin Finance Act, 2013 shifted the property income (Property rental income) from fixed tax regime to…Read more
WORLD TAXESAugust 8, 2021World’s highest inheritance tax story of Samsung chairman Lee Kun Hee By Admin Lee Kun-hee(9 January 1942– 25 October 2020) was a South Korean businessman and…Read more
TAXATIONAugust 6, 2021FBR Suspends Sales Tax collection On Sugar from manufacturers By Admin The Federal Board of Revenue (FBR) has suspended the provision of sales tax collection on sugar from…Read more
UPDATESAugust 6, 2021FBR removes tax officials despite resistance from tax machinery By Admin The Federal Board of Revenue (FBR) has dismissed 29 officials from civil service on charges of…Read more
WORLD TAXESAugust 5, 2021Countries with the highest sales tax rate on retailers By Admin An analysis is provided here of different countries with the highest sales tax rates on their retail…Read more
BUDGETAugust 4, 2021FBR Issues clarification on withholding tax on medicine traders By Admin FBR Issues Clarification“Federal Board of Revenue (FBR) has issued a clarification on a…Read more
UPDATESAugust 4, 2021FBR decides to deny tax refund claims to retailers resisting integration with tax system By Admin The Federal Board of Revenue (FBR) on Tuesday decided to hold 60% of the refund claims to those top…Read more
BusinessesAugust 2, 2021FBR takes new steps for ease of doing business & taxpayers facilitation By Admin FBR has launched single identifier number for all domestic taxes. Under this initiative a taxpayer…Read more
BUDGETJuly 31, 2021Omission and merger of withholding tax provisions in finance act 2021 By Admin Omission of withholding tax provisionsThere were 38 withholding tax provisions in the Income Tax…Read more