TAXATIONDecember 31, 2020Top tax issues of Pakistan in 2020 By Admin Tax Potential and its Compliances in PakistanPakistan has a potential of a big economy. About…Read more
TAXATIONDecember 17, 2020FBR issues procedure for cash back refunds of sales tax to customers of Tier-1 retailers By Admin Federal Board of Revenue (FBR) issued procedure for cash back of sales tax amount @5% (five percent)…Read more
TAXATIONNovember 19, 2020Good news for salaried taxpayers: salary tax adjustments through employer By Admin There is a good news for salaried taxpayers whose salary is taxable. Tax deductions on salary…Read more
TAXATIONNovember 15, 2020FBR launched Maloomat TaxRayApp: Signed MoU with NADRA: Acquired all data of filers & non-filers By Admin FBR claimed that it has acquired all information related to incomes, expenses and assets of filers…Read more
UPDATESOctober 5, 2020FBR upgrades FASTER to FASTER PLUS system for issuance of Refunds By Admin STARR systemFBR’s automation process of refund of Sales Tax started in 2002. Through…Read more
UPDATESSeptember 29, 2020Increase of tax on profit on debt for the persons other than companies By Admin Previously, upto tax year 2019, the persons (mentioned in clauses a to d of sub section (1) of…Read more
BUDGETJuly 16, 2020Finance Act 2020 | FBR Budget Salient Features | Tax Year 2021 | By Admin Finance Act 2020 | FBR Budget Salient Features | Tax Year 2021 | Industrial Relief…Read more
TAXATIONDecember 3, 2021FTO Orders Pak Suzuki Motors to Refund Excess GST Collected From Buyers By Admin The Federal Tax Ombudsman (FTO) has ordered Pak Suzuki to refund the excess general sales tax (GST)…Read more
WORLD TAXESFebruary 28, 2021My Refund in IRS By Admin How to Check My Refund Status in IRSFor the purpose of checking My Refund Status in IRS in…Read more
UPDATESJanuary 1, 2021FBR's datewise activities in year 2020 By Admin FBR ISSUES CLARIFICATION (Federal Board of Revenue has issued a clarification regarding extension…Read more