FBR updates, income tax, budgets and markets for Pakistan
Adviser to the Prime Minister on Finance and Revenue Shaukat Tarin has assured land developers that the federal government will extend the exemption on wealth reconciliation statement for first-time home buyers beyond…
In the wake of increased prices of steel products in domestic and international markets, the Federal Board of Revenue (FBR) increased the minimum prices of steel products through amendments in SRO-985 issued…
The State Bank of Pakistan (SBP) has launched a module pertaining to the banking policy and regulations to enhance efficiency and promote Green Banking practices. In a statement, the central bank said:…
The Federal Board of Revenue (FBR) has decided to select over 50,000 income tax cases of the tax year 2019 for audit, reflecting an extraordinary increase of 36,000 cases as compared to…
For every cell phone, these are the various taxes that you will be liable to pay if you are importing a phone through Ali Express or any eCommerce website online. Here, different…
Approximate Customs Duty or Tax that you need to Pay for importing Apple iPhone 8 / 8 Plus. PKR 23200 (On Passport)PKR 28800 (On ID Card) PKR 23200 (On Passport)PKR 28800 (On…
The federal government has decided to harmonise all four tax laws by merging them into one law book, ‘single rules book’, to promote automation and digitisation in order to ensure taxpayers’ facilitation.…
The Federal Board of Revenue (FBR) has reduced the sales tax rate on Petrol from 6.84 percent to 1.43 percent from November 11, 2021. According to a notification issued by the FBR…
Taxpayers, including the corporate sector, may directly receive audit notices from third-party auditors including chartered accountant firms for complete audit of the tax affairs of taxpayers to be selected for audit. Federal…
COLOMBO: Sri Lanka slapped a tax on road accidents in a drastic austerity budget unveiled Friday as the country faces a major foreign exchange crisis. Finance Minister Basil Rajapaksa said vehicle accidents…
Pakistan Customs (FBR) has developed an automated facility in WeBOC System to enable the small and medium export enterprises to acquire imported input goods from a Common Export House for subsequent exports…
A total of 1,572 big retailers have been integrated with the point of sales (POS) system of the Federal Board of Revenue (FBR). The Federal Board of Revenue (FBR) has issued a…
Adviser to the Prime Minister over Finance Shaukat Tarin on Monday emphasized at linking right to representation and vote to payment of taxes, saying that the Government has the right to collect…
The Federal Board of Revenue (FBR) has intensified offsite and onsite inspections against Designated Non-Financial Businesses and Professions (DNFBPs) and imposed penalties on a large number of real estate agents for not…
His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, has directed granting Golden Visas to "frontline heroes" and their…
The Institute of Chartered Accountants Pakistan (ICAP) has announced the result of the CAF Autumn attempt / Examination 2021, today on 09 November 2021. The CAF Autumn Examination was held earlier in…
The Federal Board of Revenue (FBR) has constituted a fact finding committee to probe the alleged valuation fraud worth billions that took place in the Customs department. According to Customs Today, the…
Crude oil prices went down up to 2.75 percent for the second consecutive week after rallying for seven straight weeks in the international market. Brent, the international benchmark for two-thirds of the…
About 500,000 countrywide retailers with a tax potential of about Rs 1,500 billion are the new target of Federal Board of Revenue (FBR) to ensure growth in revenue collections. According to Business…
The Pakistan Stock Exchange (PSX) reverted to the previous trading system as a short-term measure to provide uninterrupted services to all brokers. Previously, the Pakistan Stock Exchange (PSX) replaced the 20-year-old Karachi…