FBR updates, income tax, budgets and markets for Pakistan
According to SRO No., 234(i)/20201, the Federal Board of Revenue (FBR) has amended Sales Tax Rules 2006. According to amendment, FBR said that the provisions of rules 210-A to 210-I shall, mutatis…
The 2.2 million tax return filers were only one-third of those who have valid National Tax Numbers (NTNs). They were doing business in Pakistan but did not file tax returns. This means…
In this regard, the FBR has issued the Gwadar Tax Free Zones Rules 2021, which defines tax exemptions, incentives, and tax incentives available to investors under the CPEC project. The new chapter,…
An order in favor of Pakistani taxpayer's rights. Where it has been violated by most tax employees, including senior officials under the Federal Tax Ombudsmen (FTO) Ordinance, 2000, According to Business Recorder…
According to a notice sent to the Pakistan Stock Exchange on Friday, the car maker had made a profit of Rs 985.8 million in the same period last year. Earnings per share…
Federal Board of Revenue will publish the List of Active Taxpayers for the tax year 2020 on March 1, 2021. This list will publish in accordance with the provisions of Rule 81B…
For the purpose of checking My Refund Status in IRS in United States of America you can use the Where's My Refund tool. You can also use for status of My Refund…
"This is the first time in Pakistan's history that more than 15 new cars have been launched across the country in a single year," said Arsalan Hanif, an analyst at Arif Habib…
The FBR updated the last weekly ATL for the tax year 2019 on February 22, 2021 and obtained a record number based on the returns filed by February 21, 2021. FBR is…
A statement from the FATF stated that "As soon as all the deadlines of the Action Plan have expired, the FATF urges Pakistan to expedite its completion of the Action Plan by…
The Water and Power Development Authority (WAPDA) was to collect the Neelum-Jhelum surcharge till the commencement of commercial operation of the Neelum-Jhelum hydropower project. The plant became operational in 2018, but WAPDA…
Federal Board of Revenue will issue a list of active tax payers for the tax year 2020 on March 1, 2021 under Rule 81B of the Income Tax Rules 2002. At present…
Addressing a meeting of Sialkot exporters organized by the Pakistan Readymade Garments Manufacturers and Exporters Association, he said that the FBR was paying a refund of Rs 200-250 billion to the exporters…
A meeting was held between the Chinese Consul General to Pakistan and Chairman Pakistan Gems and Jewellery Development Company (PGJDC) in the port city on Monday to discuss the possibilities of collaboration…
According to provincial tax administration, the first target set for the National Tax Council (NTC) was an agreement on a common definition of "goods" and "services". He added that if the formation…
He was a very senior member of Institute of Chartered Accountants of Pakistan (ICAP). Rana Muhammad Anwar FCA served in his profession of chartered accountancy for more than 60 years. He was…
Addressing the Senate Standing Committee on Finance, Revenue and Excise on Monday. He told committee chairman Senator Farooq Hamid Naik that the scope of the track and trace system will to extend…
Earlier, cardholders needed to activate them through phone banking or ATM. In addition, merchants at Point of Sale (POS) will not be required to enter PIN codes to pay up to Rs…
The FBR's dismissal orders said, "The competent authority, after considering all the aspects and matters related to this case, has decided to impose a heavy dismissal sentence on Dr. Sajid Hussain Arain."…
This was claimed by government sources who added that they are hopeful that Pakistan would be out of the Grey List following the upcoming meeting of global terror financing watchdog. FATF would…