List of Tier-1 Retailers identified by FBR to integrate with POS system to claim input tax
The Federal Board of Revenue (FBR) has issued a list of 1,136 big retailers (Tier-1) who are…
Tax Incentives granted under tax laws third amendment ordinance 2021
Within third month of passage of Finance Act, 2021, the Government felt the need of introducing…
Highlights on Tax Laws Third Amendment Ordinance, 2021
Compulsory Digitized Payment for Expenditure by Companies:This is a highly discussed amendment…
Tax Terms Glossary | Tax Terminology | Tax Legal Definitions
The online tax glossary is here to help you understand terms which may be unfamiliar, and to get tax…
FBR to deny 60 % Input Tax to Non-Integrated Tier-1 Retailers
Federal Board of Revenue (FBR) in its drive to integrate Tier-1 Retailers across the country, has…
About taxes on corporate income in Pakistan
A resident company is taxed on its worldwide income. Non-resident companies operating in Pakistan…
2 Companies reportedly found Involved in Rs6 Billion Mega Tax Fraud
Public Accounts Committee (PAC) has referred two mega tax fraud cases involving over Rs. 6 billion…
Deadline and penalty for Tier-1 retailers and other tax provisions relating there to
FBR directs Tier-1 Retailers to integrate with revenue authority till August 15.The Federal…
World’s highest inheritance tax story of Samsung chairman Lee Kun Hee
Lee Kun-hee(9 January 1942– 25 October 2020) was a South Korean businessman and…
Omission and merger of withholding tax provisions in finance act 2021
Omission of withholding tax provisionsThere were 38 withholding tax provisions in the Income Tax…
