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…
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…
Govt to share tax record with NADRA through presidential ordinance
The federal government may introduce a presidential ordinance to provide record of existing three…
Cabinet exempts state owned enterprises from transparency rules
The federal cabinethas amendedthe procurement rules to allow the government to award…
FBR Issues Circular for Tax Recovery Procedures From Cooperative Housing Societies
Federal Board of Revenue (FBR) issued Circular No. 3 of 2022 Dated: July 5th, 2021 regarding…
FBR Explains Changes in Minimum Turnover Tax
The minimum turnover tax of 0.75 percent would be applicable on the oil marketing companies, Sui…
National Assembly Approved Finance Bill 2021-2022
The National Assembly of Pakistan on Tuesday approved the Finance Bill 2021-2022 with majority of…
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…
