About taxes on corporate income in Pakistan
A resident company is taxed on its worldwide income. Non-resident companies operating in Pakistan…
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…
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…
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Important tax exemptions and tax credits withdrawn in Finance Act 2021 are given below:Tax…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…
IRS Covid Tax Tips
A complete list of tax tips issued by the Inland Revenue Service (IRS) of USA regarding coronavirus…
Free Income Tax Filing Programs in 2021 in America
About 70% of Americans do not have to pay for tax preparations and filing for there tax returns.
ATL for tax year 2020 to be published on 1st March, 2021
Federal Board of Revenue will issue a list of active tax payers for the tax year 2020 on March 1…
