Pakistan made progress on all 27 points in FATF Action Plan
Pakistan has made progress on all the 27 benchmarks laid down in Financial Action Task Force (FATF)…
Additional Taxes of 700 billion expected In Upcoming Budget under IMF Deal
Under the International Monetary Fund (IMF) agreement, Pakistan will raise additional revenue of…
Sales Tax Relief by Punjab Revenue Authority
Through the Finance Act, 2020, the Government of the Punjab reduced the rate of Punjab Sales Tax on…
Auto loans increased by 19% to Rs. 41 Billion in December 2020
Auto loans reportedly increased by 19% to Rs. 41 Billion in December 2020 after interest rate cuts…
Tax on Agricultural Income in Pakistan
Tax on Agricultural Income in PunjabAgricultural income is an exempt income from tax under…
FBR extends scope of sales tax on IT Services and IT Enabled Services
The Federal Board of Revenue (FBR) has extended scope “IT Services” and “IT…
Non-textile sector DLTL refunds approved
To facilitate exporters, the Ministry of Commerce has approved Rs. 213 million under the ‘Draw…
FBR called for income tax proposals for 2021/2022 budget
The Federal Board of Revenue (FBR) called for income tax proposals for the 2021/2022 budget and…
Telecom sector tax share increases 129% in FY20: PTA
The increase in the use of telecom services during the Corona virus lockdown has resulted in a 129…
Penalties will not be imposed on late filers of income tax returns: FBR
The Federal Board of Revenue (FBR) has decided to not penalize late filers across the board for…
