Persons required to get sales tax registration with FBR
According to section 14 of the Sales Tax Act, 1990, every person who is involved in supplying of…
FBR issued valuation for sale of used cars for purpose of collecting sales tax.
Federal Board of Revenue (FBR) issued valuation for sale of used cars for purpose of collecting…
Increase of tax on profit on debt for the persons other than companies
Previously, upto tax year 2019, the persons (mentioned in clauses a to d of sub section (1) of…
FBR issued order of Rs 35m tax penalty on Justice Isa’s wife
The Federal Board of Revenue (FBR) issued order of Rs 35million tax penalty on Sarina Isa, the wife…
FBR decided to introduce an automated system of online filing of tax appeals
The Federal Board of Revenue has decided to introduce an automated system of electronic filing of…
FBR allowed adjustability of property expenses against income from rent on property for all individuals and AOP's
FBR issued circular no. 03 of 2020, dated 3rd September, 2020. Whereby, FBR allowed adjustability of…
Which countries tax their citizens the most?
Which countries tax their citizens the most? In 2019, the highest income earners in Sweden pay a…
Tax relief proposed for telecom sector
Tax relief proposed for telecom sector in ECC committee meeting. Whereby, advance income tax on the…
No more withholding tax on educational fees
Federal Board of Revenue (FBR) revised withholding tax rate on educational fee. Applicable from the…
Changes in rates of withholding tax on sales to retailers, wholesalers, distributors
Federal Board of Revenue (FBR) issued changes in withholding tax rates on sales made. Sales made by…
