Penalty for Non Filing of Annual Income Tax Returns 2021
A penalty of Rs1,000 each day of default has been implemented from Saturday after the expiry of…
Govt considering withdrawal of sales tax exemptions
The government is considering over a presidential ordinance to withdraw sales tax exemptions…
Non-Banking Foreign Remittance Channels Legalizes by Third amendment Ordinance 2021
The government has given legal cover to foreign remittances through Money Service Bureaus (MCBs)…
Highlights on Tax Laws Third Amendment Ordinance, 2021
Compulsory Digitized Payment for Expenditure by Companies:This is a highly discussed amendment…
NADRA introduces new verification system to stop fake CNICs
The National Database and Registration Authority (Nadra) has launched a ‘Qaumi Tasdeeq-o-Tajdeed…
Withdrawals of Tax Exemptions and Tax Credits in Finance Act 2021
Important tax exemptions and tax credits withdrawn in Finance Act 2021 are given below:Tax…
Updated Tax Exemptions and Tax Credits for the Financial Year 2021-2022
Income Tax Ordinance, 2001 provides for tax exemptions, tax credits, reduced tax rates, and…
Who is required to Get Register with Point of Sales Software of FBR ?
All tier-1 retailers are required to integrate all their POSs with FBR’s computerized…
FBR Not providing tax concessions to Foreign Exchange Remittance Card holders
It has been disclosed that the Federal Board of Revenue (FBR) is not offering the facility of duty…
The State bank of Pakistan launching a new payment system called ‘Raast’
SBP going to launch a new digital payment system ‘RAAST’ from next week.The State…
