FBR updates, income tax, budgets and markets for Pakistan
Pakistan's micro finance pioneer Dr Muhammad Amjad Saqib, known for his interest- and collateral-free microfinance programme in Pakistan. That has helped millions of needy families to meet their needs in shape of…
In Pakistan taxation or non-taxation of foreign remittances has historically been in the spotlight both from the tax policy and tax law enforcement perspectives – more so, since early 1970s. In the…
A statement issued by the Finance Division the new reduced prices will take effect from September 01, 2021. According to the notification the price of petrol has been reduced by Rs1.50 to…
In line with the Government’s resolve towards broadening of tax base and documentation of economy, Dr. Muhammad Ashfaq Ahmed, Chairman FBR has initiated a huge challenge to plug in tax evasion of…
Do you need Ufone Tax Certificate? Here I will show you two step-by-step easy ways to download your Ufone tax statement online within few minutes. I personally used both of these methods…
Increased usage of Air Conditioner and Home appliances is becoming a trend all over the world, so you have to aware of your electricity usage and cost. In Pakistan, LESCO Bill is…
Banks' financing of cars in Pakistan increased by Rs 99 billion (or 46 per cent) in the last one year to a record high of Rs 314 billion in July, as financing…
Lucky Cement Limited has won the Best Corporate Report Award with first position in the Cement category at the much anticipated “Best Corporate & Sustainability Report Awards 2020.” The recognition was jointly…
The Federal Board of Revenue (FBR) on Friday issued manual income tax returns forms for tax year 2021. The return form has been issued just a month ahead of filing deadline i.e.…
Federal Board of Revenue (FBR) issues SRO No 1063(1)/2021, Dated: 24th August 2021 regarding the procedures and requirements for issuance of license to vendors for integration and installation of point of sales…
The Federal Board of Revenue (FBR) will allow input tax credit against electronic data of supplies by the persons registered in Azad Jammu and Kashmir (AJK) and Gilgit-Baltistan (GB). The FBR has…
Large Taxpayers Office (LTO) Lahore has taken action against the integrated retailers on discontinuation from the Point of Sale (POS) system despite integration with the Federal Board of Revenue (FBR). Focal person…
Dr Ashfaq Ahmed has been appointed as the new FBR chairman. This is the seventh time the government is appointing the FBR chairman. He replaces Asim Ahmed — who was appointed four…
After conducting a preliminary internal investigation on the recent FBR cyber-attack, it has been discovered that the use of pirated software was one of the reasons why FBR’s data got hacked. Following…
Federal Board of Revenue (FBR) issued Press release today (on 22nd August, 2021) regarding the scheduled downtime of it's systems (which includes FBR websites, Iris, Taxasaan application, eFBR, and sales tax etc.,).…
The National Database and Registration Authority (Nadra) has launched a ‘Qaumi Tasdeeq-o-Tajdeed Campaign’ (QTTC), a new system for verification of the family members. National Database and Registration Authority (Nadra) launched a new…
The Federal Board of Revenue (FBR) will enforce new amendment to Section 122 of the Income Tax Ordinance, 2001 for completion of proceedings against taxpayers within 120 days where notices were issued…
Pakistan Single Window (PSW) is a newly launched trade system, which provides a facility to parties involved in trade and transport to lodge standardized information and documents with a single entry point…
The Income Tax (Second Amendment) Ordinance, 2021 promulgated in March 2021 was proposed to be made part of the Bill for approval by the Parliament as required by the Constitution. The Finance…
The FBR has issued the draft return form through an SRO1022(I)/2021 to amend the Income Tax Rules 2002. Such form for individuals issued, who are deriving income under any head other than…