FBR issues Manual Income Tax Return Forms for Individual and AOPs for Tax Year 2021
The Federal Board of Revenue (FBR) on Friday issued manual income tax returns forms for tax year…
License Issuance Procedures for Integration of Point of Sales of Tier-1 Retailers with FBR
FBR issues SRO 1063(1)/2021, Dated: 24th August 2021Federal Board of Revenue (FBR) issues SRO No…
FBR issues SRO to allow conditional input tax credit for supplies from AJK and GB
The Federal Board of Revenue (FBR) will allow input tax credit against electronic data of supplies…
FBR amends Section 122 of IT Ordinance regarding time limit for proceedings
The Federal Board of Revenue (FBR) will enforce new amendment to Section 122 of the Income Tax…
Changes to offences and penalties under Finance Act 2021
The Income Tax (Second Amendment) Ordinance, 2021 promulgated in March 2021 was proposed to be made…
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…
SECP asks companies to file beneficial ownership declaration to avoid penalty
The Securities and Exchange Commission of Pakistan (SECP) has asked companies to submit information…
Govt Considers to end 1% Bank Deduction on IT Export Remittance
The government is considering over stopping banks from deducting 1% or 2% percent tax on IT foreign…
KTBA urges FBR to issue directions to banks to stop withholding tax deduction on IT exports
Karachi Tax Bar Association (KTBA) urges the Federal Board of Revenue (FBR) to issue fresh…
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…
