List of Budget suggestions finalized by senate body
The Senate Standing Committee on Finance finalised its suggestions regarding Finance Bill, 2021-22…
Tax Experts disclosed FBR’s three budgetary proposals impracticable
Tax experts have termed Federal Board of Revenue’s (FBR) three budgetary proposals are not…
FBR clarifies news about payment of total assessed tax demand for filing of appeal
Federal Board of Revenue has issued a clarification on a news story appearing in Daily Times wrongly…
FBR issues clarification on FMCG
Federal Board of Revenue (FBR) has clarified that the table prescribing tax rates for minimum tax on…
Senate Panel criticized FBR for sending tax notices
Senate Standing Committee on Finance on Monday criticized the Federal Board of Revenue’s (FBR)…
Govt decides to withdraw arrestment powers on concealment of Income
The government has finally taken the decision to remove all income tax provisions from the Finance…
Government Seeks to Impose tax on Suspicious Gifts transactions among Relatives
The standing committee informed and proposed that an amendment is under way to streamline legality…
Banks Allowed to charge fees for Inter Bank digital transfers
The State Bank of Pakistan has allowed banks to charge fees for digital transfers of more than Rs…
Political parties exempted in Budget from filing income tax returns and paying taxes
The government proposed to exempt all registered political parties of Pakistan from the obligation…
FBR Officers Authorized to Arrest Anyone on Concealment of Income
The Inland Revenue officers of the Federal Board of Revenue (FBR) have been given unlimited powers…
