Omission and merger of withholding tax provisions in finance act 2021
Omission of withholding tax provisionsThere were 38 withholding tax provisions in the Income Tax…
Taxation and changes for IT and IT enabled services, startups and freelancers
Let us see the taxation of IT and IT enabled services, freelancer and startups. Both income tax and…
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Important tax exemptions and tax credits withdrawn in Finance Act 2021 are given below:Tax…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…
Tax Experts disclosed FBR’s three budgetary proposals impracticable
Tax experts have termed Federal Board of Revenue’s (FBR) three budgetary proposals are not…
List of exemptions from total income withdrawn through Second Amendment Ordinance
Federal Board of Revenue (FBR) through Tax Laws (Second Amendment) Ordinance, 2021 have withdrawn…
Biography of Dr Raza Baqir Governor State Bank of Pakistan
Reza Baqir is a Pakistani economist. He is the 20th Governor of the State Bank of Pakistan. He…
Government Reopens Applications Under Kamyab Jawan Loan Program
Government of Pakistan has re-opened the applications under there loan scheme named, “Kamyab…
KTBA requested the FBR to withdraw clarification regarding mode of furnishing of tax notices
The Karachi Tax Bar Association (KTBA) has requested the Federal Board of Revenue (FBR) to withdraw…
FBR Allowed to tourists to import vehicles without Duties and Taxes
The Federal Board of Revenue (FBR) has changed the definition of ‘tourist’ to allow…
