Increase of tax on profit on debt for the persons other than companies
Previously, upto tax year 2019, the persons (mentioned in clauses a to d of sub section (1) of…
Banks agreed to provide data to FBR regarding withdrawals, deposits, credit card payments and loan
The Federal Board of Revenue (FBR) and the Pakistan Banks Association (PBA) have finally reached an…
FBR sought suggestions from stakeholders on the TOR
Mr Abid Shaban the Chairman of Technical Committee of Federal Board of Revenue (FBR), aimed to…
FBR introduced income tax return form in Urdu language
Federal Board of Revenue (FBR) has introduced income tax return form in Urdu language. In order to…
FBR issued order of Rs 35m tax penalty on Justice Isa’s wife
The Federal Board of Revenue (FBR) issued order of Rs 35million tax penalty on Sarina Isa, the wife…
FBR decided to introduce an automated system of online filing of tax appeals
The Federal Board of Revenue has decided to introduce an automated system of electronic filing of…
FBR allowed adjustability of property expenses against income from rent on property for all individuals and AOP's
FBR issued circular no. 03 of 2020, dated 3rd September, 2020. Whereby, FBR allowed adjustability of…
FBR increased the limit of turnover for withholding agents
Federal Board of Revenue FBR increased the limit of turnover for withholding agents. Taxpayers…
FBR issued list of business sectors for mandatory income tax integration
Federal Board of Revenue (FBR) issued list of business sectors for mandatory income tax integration…
Tax relief proposed for telecom sector
Tax relief proposed for telecom sector in ECC committee meeting. Whereby, advance income tax on the…
