Important tax exemptions and tax credits withdrawn in Finance Act 2021 are given below: Tax credit for person employing fresh…
Income Tax Ordinance, 2001 provides for tax exemptions, tax credits, reduced tax rates, and reduction in tax liability. These tax…
The President of Pakistan, Dr. Arif Alvi, issues an order in favor of the declarants of the Tax Amnesty Scheme…
In order to promote documentation and to streamline action, the concept of business bank account has been introduced in the…
Pakistan’s current account balance reached at a deficit of $1.85 billion in fiscal year 2020-21. Due to jump in imports…
The European Central Bank (ECB) moved closer to a “digital euro” with the launch of a pilot project. But questions…
The Federal Board of Revenue (FBR) on Monday informed to Finance Minister Shaukat Tarin that the tax authority is drafting…
The federal government declared an amount of Rs. 4.261 million as compensation (diyat) for the current financial year 2021-22. The declaration is…
Active Taxpayer status (ATL status ) with FBR can be checked in any of the following three (3) ways: VERIFICATION…
All tier-1 retailers are required to integrate all their POSs with FBR’s computerized system. All tier-1 retailers are required to…
