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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…
Overseas Pakistanis developed made in Pakistan electric car to be launched soon
Overseas Pakistanis have developed a ‘Made in Pakistan’ electric car that will be…
Govt reviews Auto Policy draft for the period from 2021 to 2026
The proposed Auto Industry Development and Export Policy (AIDEP) aims to increase the auto industry…
FBR Not providing tax concessions to Foreign Exchange Remittance Card holders
It has been disclosed that the Federal Board of Revenue (FBR) is not offering the facility of duty…
FBR Explains Changes in Minimum Turnover Tax
The minimum turnover tax of 0.75 percent would be applicable on the oil marketing companies, Sui…
Tax benefit extended to cars up to 1,000cc
Finance Minister Shaukat Tarin has said the government will now extend the tax relief earlier to…
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.
