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…
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 Encouraged Taxpayers’ to get their legal cases resolved through ADRC
FBR Encouraged taxpayers to resolve cases through ADRC immediately. FBR issued a press release at…
FBR introducing tax stamps for track & trace system from July 2021
The Federal Board of Revenue (FBR) expects to introduce tax stamps on products in various sectors…
Tax on Agricultural Income in Pakistan
Tax on Agricultural Income in PunjabAgricultural income is an exempt income from tax under…
Procedure for registration of FBR informer
A person who wants to become an informer, he should get himself first register with FBR for this…
Criteria for selection & conduct of income tax audit
The Federal Board of Revenue (FBR) has issued a criteria for selection and conduct of income tax…
Japan action against trade of illegal used cars in Pakistan
The Pakistani embassy in Tokyo is taking legal steps to resolve the issue under applicable laws and…
Significant progresses in corporate taxes
Currently, the Government of Pakistan has introduced amendments in the following areas, taking into…
Company tax return
Taxable periodThe tax year for company tax return is starting from 1 July through 30 June.
