#MinimumTax
Lahore High Court serves contempt notice to FBR chairman over minimum Tax Formula
The Lahore High Court (LHC) issued contempt notices to the Federal Board of Revenue (FBR) over its failure to implement… Read More
Updated Tax Exemptions and Tax Credits for the Financial Year 2021-2022
Income Tax Ordinance, 2001 provides for tax exemptions, tax credits, reduced tax rates, and reduction in tax liability. These tax… Read More
FBR Explains Changes in Minimum Turnover Tax
The minimum turnover tax of 0.75 percent would be applicable on the oil marketing companies, Sui Southern Gas Company Limited… Read More
FBR issues clarification on FMCG
Federal Board of Revenue (FBR) has clarified that the table prescribing tax rates for minimum tax on turnover basis has… Read More
The KTBA Proposed the FBR to separate the tax fraud investigation
Karachi Tax Bar Association (KTBA) proposed to the Federal Board of Revenue (FBR) to separate tax fraud investigations from normal… Read More