No Warning from FBR before freezing taxpayers bank accounts
Previously, FBR had to inform taxpayers 24 hours prior to freezing their bank account. Business…
Pandora Papers Leaks Financial Secrets of Pakistan's Rich and Powerful exposed
A leaked data on offshore companies that is larger in size than the Panama Papers, exposed the…
Additional income tax slapped on electricity bills of non-filer professionals
ADVANCE TAX ON ELECTRICITY – SECTION 235(1A), DIVISION IV, PART IV, FIRST SCHEDULEAs per…
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)…
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…
SBP devised procedures to open bank account without visiting bank branch
After the great success of the Roshan Digital Account framework, the State Bank of Pakistan (SBP)…
Separate FBR Iris portal for overseas Pakistanis for Income Tax Return filing
Federal Board of Revenue (FBR) on Tuesday issues press release and announced that a separate FBR…
FBR withdraws all appeals in exemption on foreign remittances
Federal Board of Revenue (FBR) has withdrawn all the appeals pertaining to income tax exemption on…
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…
World’s highest inheritance tax story of Samsung chairman Lee Kun Hee
Lee Kun-hee(9 January 1942– 25 October 2020) was a South Korean businessman and…
