UPDATESJuly 28, 2021Withdrawals of Tax Exemptions and Tax Credits in Finance Act 2021 By Admin Important tax exemptions and tax credits withdrawn in Finance Act 2021 are given below:Tax…Read more
TAXATIONJuly 27, 2021Updated Tax Exemptions and Tax Credits for the Financial Year 2021-2022 By Admin Income Tax Ordinance, 2001 provides for tax exemptions, tax credits, reduced tax rates, and…Read more
UPDATESJuly 26, 2021President Alvi ordered on the issue of failure to upload declarations under tax amnesty scheme By Admin The President of Pakistan, Dr. Arif Alvi, issues an order in favor of the declarants of the Tax…Read more
BUDGETJuly 25, 2021Update Business Bank Accounts to avoid Penalty after due date By Admin In order to promote documentation and to streamline action, the concept of business bank account has…Read more
FINANCEJuly 23, 2021Pakistan’s current account ends FY21 in deficit By Admin Pakistan’s current account balance reached at a deficit of $1.85 billion in fiscal year 2020-21.Read more
MARKETSJuly 23, 2021European Central Bank inches closer to 'digital euro' By Admin The European Central Bank (ECB) moved closer to a “digital euro” with the launch of a pilot…Read more
TAXATIONJuly 23, 2021FBR and NADRA Drafted Plans to start national level exercise to Broaden the Tax Base By Admin The Federal Board of Revenue (FBR) on Monday informed to Finance Minister Shaukat Tarin that the tax…Read more
BLOGJuly 19, 2021Value of Diyat in Pakistan for Financial Year 2021-2022 By Admin The federal government declared an amount of Rs. 4.261 million as compensation (diyat) for the…Read more
BLOGJuly 17, 2021How to Check Active Taxpayer Status of Income Tax with FBR ? By Admin Active Taxpayer status (ATL status ) with FBR can be checked in any of the following three (3)…Read more
TAXATIONJuly 17, 2021Who is required to Get Register with Point of Sales Software of FBR ? By Admin All tier-1 retailers are required to integrate all their POSs with FBR’s computerized…Read more