FBR updates, income tax, budgets and markets for Pakistan
8 articles
Good News Taxpayers can now adjust Previous Years' Tax Refunds against the Current Year Liability. The great news is here for taxpayers who have previous years' income tax refunds and they were…
Information and Communication Technology (ICT) export remittances, including telecommunication, computer, and information services for the first half (July-December) fiscal year 2021-22 surged to $1.302 billion at a growth rate of 36 percent…
Against 7.2 million taxpayers registered with the Federal Board of Revenue (FBR), just 2.5 million, or 35%, filed annual income tax returns till the extended deadline that expired on Friday. The FBR…
The Income Tax (Second Amendment) Ordinance, 2021 promulgated in March 2021 was proposed to be made part of the Bill for approval by the Parliament as required by the Constitution. The Finance…
Let us see the taxation of IT and IT enabled services, freelancer and startups. Both income tax and sales tax provisions are here hereby explained. Further, the recent changes in taxation of…
The bill proposes to streamline the tax system for non-profit organisations, listing of firms in the stock market, tax exemptions for oil refineries, special economic zones (SEZs) set up under the China-Pakistan…
Federal Board of Revenue (FBR) updated rate of income tax on vehicles used for both passenger and goods transportation for tax year 2021 (July 01, 2020 to June 30, 2021). The FBR…
The Pak-China Joint Chamber of Commerce and Industry (PCJCCI) suggested. That Pakistani exporters establish closer ties with Chinese enterprises to explore the Chinese meat market. While addressing the Pak-China Think Tank meeting.…