Updated Tax Exemptions and Tax Credits for the Financial Year 2021-2022
Income Tax Ordinance, 2001 provides for tax exemptions, tax credits, reduced tax rates, and…
President Alvi ordered on the issue of failure to upload declarations under tax amnesty scheme
The President of Pakistan, Dr. Arif Alvi, issues an order in favor of the declarants of the Tax…
FBR Reveals Draft Rules for New Export Scheme
The Federal Board of Revenue (FBR) released draft rules for new Export Facilitation Scheme 2021. FBR…
Cabinet exempts state owned enterprises from transparency rules
The federal cabinethas amendedthe procurement rules to allow the government to award…
Rupee Weakens Further Against Dollar
The Pak-rupee extended losses against the US-dollar on Wednesday, owing to the higher demand for…
National Assembly Approved Finance Bill 2021-2022
The National Assembly of Pakistan on Tuesday approved the Finance Bill 2021-2022 with majority of…
Tax benefit extended to cars up to 1,000cc
Finance Minister Shaukat Tarin has said the government will now extend the tax relief earlier to…
List of Budget suggestions finalized by senate body
The Senate Standing Committee on Finance finalised its suggestions regarding Finance Bill, 2021-22…
Tax Experts disclosed FBR’s three budgetary proposals impracticable
Tax experts have termed Federal Board of Revenue’s (FBR) three budgetary proposals are not…
Govt decides to withdraw arrestment powers on concealment of Income
The government has finally taken the decision to remove all income tax provisions from the Finance…
