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Deadline and penalty for Tier-1 retailers and other tax provisions relating there to

FBR directs Tier-1 Retailers to integrate with revenue authority till August 15. The Federal Board of Revenue (FBR) has advised… Read More

Balochistan finance department introduces online tax collection system

The government of Balochistan has installed online tax collection system. This online tax system will help to boost the the… Read More

Cottage industry not required to get sales tax registration

Which persons required to get sales tax registration ? Registration Section 14 Registration Section 14(1) Every person engaged in making… Read More

Income Tax Rules amended: Issuance of tax notices via Phone SMS

Phone SMS included as mode of service for tax notices. The FBR issued SRO 1250(I)/2020 on Monday to issue draft… Read More

Penalty for non-filing income tax returns, wealth statement, foreign assets/income statement & active status

Penalty for non-filing income tax returns, wealth statement, foreign assets/income statement & active status. Section 182(1) Offences and penalties -… Read More

UK Tax News: VAT cut down for hospitality & tourism sector

UK Tax News: VAT cut down for hospitality & tourism sector The Chancellor announced a reduction in VAT rate for… Read More

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