FBR updates, income tax, budgets and markets for Pakistan
515 articles
The Federal Board of Revenue (FBR) has imposed / increased regulatory duty on the import of luxury vehicles from January 27, 2022. According to a notification SRO.157(I)/2022 issued on Saturday, the FBR…
Here we are going to discuss everything you should know about the calculation of tax on your salary income according to the latest Salary tax slabs 2021-2022 rates in Pakistan. Salary Income…
The Pakistan Pharmaceutical Manufacturers’ Association (PPMA) has urged the federal government to immediately review its policy to impose a 17 percent General Sales Tax (GST) on raw materials used for medicine production…
The Federal Board of Revenue (FBR) has extended the last date of payment and filing of National Single Sales Tax and Federal Excise Return for the tax period of December 2021. The…
Press Release issued by FBR and informed that FBR helpline is currently under maintenance and will not be fully available. FBR also informed that taxpayers can use FBR email address for their…
The Federal Board of Revenue (FBR) has extended the deadline for implementing the revised FBR Property valuation rates 2022 of properties in 40 major urban cities by holding its notification in abeyance…
The Federal Board of Revenue (FBR) on Tuesday suspended again the new revised property valuation rates notified through SROs No 1534(1)/2021 to 1572(1)/2021 dated December 1, 2021 up to January 31, 2022.…
The Federal Board of Revenue (FBR) has decided to integrate the foreign exchange dealers with its Point of Sale (POS) system to keep an eye on the trading activities of the forex…
The Federal Board of Revenue (FBR) has extended the date of payment and submission of Sales Tax and Federal Excise Return for the Tax Period of December 2021. The date has been…
The buyers and sellers of immovable properties across the country are unsure about the legal status of the applicability of the FBR's valuation rates of Properties from 16 January 2022. The Federal…
Samsung Galaxy A50 is a device launched in Pakistan. The official price of this phone is 0 Rupees. The Samsung Galaxy A50 price in Pakistan is less then $60/- which includes 250…
After a lot of wait and speculation, the National Assembly has finally approved the mini-budget, which has created trouble for the car industry. If you remember, the government proposed several Federal Excise…
The Federal Board of Revenue has announced a very interesting FBR POS Prize Scheme in which you can win 10,00,000 Rupees every month. FBR Announces prizes for purchasing any item from the…
The Federal Board of Revenue (FBR) has started budget preparation exercise for 2022-2023. In this regard, the FBR has issued a letter to all Chamber of Commerce and Industry seeking customs-related budget…
The National Assembly has passed the Finance (Supplementary) Bill 2021, also known as the mini-budget, with a majority vote. The federal government proved a majority of 18 members in the National Assembly.…
The Federal Board of Revenue (FBR) has changed the definition of the exported goods for claiming duty drawback covering supplies against international tenders or supply to industrial units, projects, institutions, agencies, and…
The Federal Board of Revenue (FBR) has introduced a mandatory requirement of six documents for the claim of duty drawbacks on local supplies, free of duty imports, and taxes to avoid any…
Apple IPhone SE 2020 is a device launched in Pakistan. The official price of this phone is 92499 Rupees. The Apple IPhone SE 2020 price in the country is more then $130/-…
On the plea of the Federal Board of Revenue (FBR), the Supreme Court of Pakistan has suspended the Sindh High Court (SHC) order which declared illegal the issuance of FBR notices to…
According to Registration provisions under Section 14(1) of Sales Tax Act, 1990, Every person engaged in making taxable supplies in Pakistan, including zero-rated supplies, in the course or furtherance of any taxable…