TAXATIONOctober 2, 2020Persons required to get sales tax registration with FBR By Admin According to section 14 of the Sales Tax Act, 1990, every person who is involved in supplying of…Read more
TAXATIONOctober 1, 2020FBR issued valuation for sale of used cars for purpose of collecting sales tax. By Admin Federal Board of Revenue (FBR) issued valuation for sale of used cars for purpose of collecting…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
TAXATIONSeptember 27, 2020Ministry of commerce announced the import policy of new and used cars under Import Policy Order, 2020 By Admin Ministry of commerce announced the import policy of new and used cars under Import Policy Order…Read more
TAXATIONSeptember 25, 2020Tax returns from Karachi city low-income areas surprisingly on top By Admin Karachi’s wholesale and retail markets, which meet the needs of low-income and…Read more
FINANCESeptember 24, 2020Pakistan's current account balance again remains in surplus By Admin Pakistan’s current account balance continued to remain in surplus for the second…Read more
TAXATIONSeptember 19, 2020FBR issued order of Rs 35m tax penalty on Justice Isa’s wife By Admin The Federal Board of Revenue (FBR) issued order of Rs 35million tax penalty on Sarina Isa, the wife…Read more
BUDGETSeptember 10, 2020FBR allowed adjustability of property expenses against income from rent on property for all individuals and AOP's By Admin FBR issued circular no. 03 of 2020, dated 3rd September, 2020. Whereby, FBR allowed adjustability of…Read more
BUDGETSeptember 5, 2020FBR increased the limit of turnover for withholding agents By Admin Federal Board of Revenue FBR increased the limit of turnover for withholding agents. Taxpayers…Read more
TAXATIONAugust 22, 2020Changes in rates of withholding tax on sales to retailers, wholesalers, distributors By Admin Federal Board of Revenue (FBR) issued changes in withholding tax rates on sales made. Sales made by…Read more