FBR issues draft income tax return form for individuals
The Federal Board of Revenue (FBR) has issued draft income tax return form for individuals, deriving…
FBR Issues Circular for Tax Recovery Procedures From Cooperative Housing Societies
Federal Board of Revenue (FBR) issued Circular No. 3 of 2022 Dated: July 5th, 2021 regarding…
Real Estate Sector Demands Extension In Construction Package & Amnesty Scheme
The real estate sector has demanded in the next budget that the construction package of the Prime…
List of exemptions from total income withdrawn through Second Amendment Ordinance
Federal Board of Revenue (FBR) through Tax Laws (Second Amendment) Ordinance, 2021 have withdrawn…
Tax Havens, a Global Issue
The Panama Papers, Luxembourg Leaks and Paradise Leaks clearly show how large-scale tax evasion and…
Number of active taxpayers dropped by 30%
In a worrying development, the number of active taxpayers has dropped by 30% or 935,000 to just 2.2…
Individual Tax Returns System in United Kingdom
The UK has a self-assessment (SA) tax system. As part of this system, most UK taxpayers adjust their…
FBR considering proposals to tax benefit to non-resident or overseas Pakistanis
The Federal Board of Revenue (FBR) is reviewing various proposals to provide some benefits to…
Tax measures & reliefs in response to COVID-19 in 2020 by Pakistan
Government in Pakistan have introduced tax measures to reduce the impact of the COVID-19 pandemic in…
Income Tax on Foreign Remittance in Pakistan 2022
Income Tax on Foreign Remittance in Pakistan 2022Through the study of the Income Tax Ordinance…
