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…
Prices of all petroleum products reduced
The federal government on Tuesday announced a reduction in prices of all petroleum products for…
List of sales tax exemptions granted in budget 2021-2022
Under section 13 of The Sales Tax Act 1990, the Sixth Schedule of the Sales Tax Act, 1990…
Overseas Pakistanis developed made in Pakistan electric car to be launched soon
Overseas Pakistanis have developed a ‘Made in Pakistan’ electric car that will be…
Govt reviews Auto Policy draft for the period from 2021 to 2026
The proposed Auto Industry Development and Export Policy (AIDEP) aims to increase the auto industry…
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…
President Alvi ordered on the issue of failure to upload declarations under tax amnesty scheme
The President of Pakistan, Dr. Arif Alvi, issues an order in favor of the declarants of the Tax…
FBR Explains Changes in Minimum Turnover Tax
The minimum turnover tax of 0.75 percent would be applicable on the oil marketing companies, Sui…
Tax benefit extended to cars up to 1,000cc
Finance Minister Shaukat Tarin has said the government will now extend the tax relief earlier to…
FBR issues clarification on FMCG
Federal Board of Revenue (FBR) has clarified that the table prescribing tax rates for minimum tax on…
