Updated tax provisions for property rental income in budget 2021-22
Finance Act, 2013 shifted the property income (Property rental income) from fixed tax regime to…
Countries with the highest sales tax rate on retailers
An analysis is provided here of different countries with the highest sales tax rates on their retail…
FBR Issues clarification on withholding tax on medicine traders
FBR Issues Clarification“Federal Board of Revenue (FBR) has issued a clarification on a…
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…
Taxes on Salaries and Pensions: FBR Issues Clarification
Federal Board of Revenue (FBR) issued a clarification on a news published in the daily Express…
Auto Sector wins Tax Relief in Budget 2021-2022
The financial year 2021-2022 budget represented by the government on Friday, where several upcoming…
Highlights, New Taxes, Relief and Incentive Measures in Budget 2021-2022
The government presented the next fiscal year’s (2021-2022) budget with a total volume of over Rs.
Rich countries Under Criticism Over G7 Tax Deal
Anti-poverty activists on Monday criticized the agreement reached by seven rich countries (G7) to…
Govt considering to reduce taxes on cars in upcoming budget
The government is considering slashing taxes on new imported and locally assembled cars of up to…
Revised Profit Rates on National Savings Schemes effective from 7th May 2021
According to a notification issued by the finance ministry, the new profit rates that will effective…
