BUDGETAugust 10, 2021List of sales tax exemptions granted in budget 2021-2022 By Admin Under section 13 of The Sales Tax Act 1990, the Sixth Schedule of the Sales Tax Act, 1990…Read more
UPDATESAugust 10, 2021FBR launches prize scheme for customers of tier1 integrated retailers By Admin Federal Board of Revenue (FBR)on Monday launched prize scheme for customers of retailers, who…Read more
TAXATIONAugust 9, 2021Updated tax provisions for property rental income in budget 2021-22 By Admin Finance Act, 2013 shifted the property income (Property rental income) from fixed tax regime to…Read more
WORLD TAXESAugust 8, 2021World’s highest inheritance tax story of Samsung chairman Lee Kun Hee By Admin Lee Kun-hee(9 January 1942– 25 October 2020) was a South Korean businessman and…Read more
BusinessesAugust 7, 2021SECP asks companies to file beneficial ownership declaration to avoid penalty By Admin The Securities and Exchange Commission of Pakistan (SECP) has asked companies to submit information…Read more
UPDATESAugust 7, 2021Islamabad High Court reserves decision on track & trace system case By Admin The Islamabad High Court (IHC) has reserved their judgment in the case of selection of the…Read more
TAXATIONAugust 6, 2021FBR Suspends Sales Tax collection On Sugar from manufacturers By Admin The Federal Board of Revenue (FBR) has suspended the provision of sales tax collection on sugar from…Read more
UPDATESAugust 6, 2021FBR removes tax officials despite resistance from tax machinery By Admin The Federal Board of Revenue (FBR) has dismissed 29 officials from civil service on charges of…Read more
WORLD TAXESAugust 5, 2021Countries with the highest sales tax rate on retailers By Admin An analysis is provided here of different countries with the highest sales tax rates on their retail…Read more
UPDATESAugust 5, 2021FBR issued list of identified Tier1 nonintegrated retailers By Admin The Federal Board of Revenue (FBR) has advised Tier-1 Retailers to integrate their systems with the…Read more