Income Tax Ordinance (ITO), 2001 has defined various approved funds for the chargeability of income tax. The Income Tax Ordinance,…
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Tax rates on motor vehicles during tax year 2022 The rates of income tax on motor vehicles for tax year…
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Federal Board of Revenue (FBR) is examining a proposal to further extend time period beyond November 1, 2021 for the…
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A penalty of Rs1,000 each day of default has been implemented from Saturday after the expiry of return filing date…
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Federal Board of Revenue (FBR) has once again urged all the taxpayers, both old and new, to make the most…
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Compulsory Digitized Payment for Expenditure by Companies: This is a highly discussed amendment made in the tax laws for the…
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The Federal Board of Revenue (FBR) will enforce new amendment to Section 122 of the Income Tax Ordinance, 2001 for…
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The government is considering over stopping banks from deducting 1% or 2% percent tax on IT foreign remittances to encourage…
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Karachi Tax Bar Association (KTBA) urges the Federal Board of Revenue (FBR) to issue fresh directions to banks for not…
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Taxpayers are required to update their profile by June 30, 2021, to avoid penalty and exclusion from Active Taxpayers List…
