Countries with the highest sales tax rate on retailers
An analysis is provided here of different countries with the highest sales tax rates on their retail…
FBR fixes value of steel in respect of locally produced goods
The Federal Board of Revenue fixes the value of locally produced steel and scrap goods for the…
SBP launches digital cheques clearing and unified QR Code System
Governor State Bank of Pakistan, Dr. Reza Baqir, announced two new initiatives to facilitate the…
FBR Issues clarification on withholding tax on medicine traders
FBR Issues Clarification“Federal Board of Revenue (FBR) has issued a clarification on a…
FBR decides to deny tax refund claims to retailers resisting integration with tax system
The Federal Board of Revenue (FBR) on Tuesday decided to hold 60% of the refund claims to those top…
FBR clarifies news about payment of total assessed tax demand for filing of appeal
Federal Board of Revenue has issued a clarification on a news story appearing in Daily Times wrongly…
Government Seeks to Impose tax on Suspicious Gifts transactions among Relatives
The standing committee informed and proposed that an amendment is under way to streamline legality…
FTO ordered an investigation against officials of CTO Lahore against recovery of tax without notice
The Federal Tax Ombudsman (FTO) has passed an order against the corporate tax office, Lahore (CTO)…
Rich countries Under Criticism Over G7 Tax Deal
Anti-poverty activists on Monday criticized the agreement reached by seven rich countries (G7) to…
Pay as You Earn (PAYE)
What is Pay As You Earn (PAYE) ?Employee’s tax refers to that tax which required to deduct…
