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Retailers registered with FBR started obtaining CNIC of consumers on sales above than Rs100,000
Retailers registered with the Federal Board of Revenue (FBR) have begun obtaining details of computerized national identity cards (CNICs) from… Read More
Cash paid for immovable property required to be reported under anti money laundering and counter terrorism financing : FBR
Every cash transaction for sale or purchase of housing units worth more than Rs. 2 million must be reported under… Read More
Field formations directed to pay all income tax refunds submitted by January 31, 2021: FBR
The FBR has directed the field formations to immediately pay all income tax refunds. Filed under section 170 of the… Read More
40 percent of registered taxpayers do not file sales tax forms
Forty percent (40%) of the taxpayers registered with the Sales Tax Directorate do not submit their sales tax forms. They… Read More
Annual Income tax return filing last date December 31 2020 for companies
With the end of the last month of the year 2020, you have only few days left to file annual… Read More
Income Tax on Foreign Remittance in Pakistan 2022
Income Tax on Foreign Remittance in Pakistan 2022 Through the study of the Income Tax Ordinance, 2001 in general and… Read More
State bank never declared cryptocurrency illegal: SHC
On Thursday, the Sindh High Court expressed frustration with the Federal Ministry of Finance. For not explaining its comments on… Read More
PTI federal government has once again dropped a petrol bomb on the people
The Pakistan Tehreek-e-Insaf (PTI) federal government once again dropped petrol bombs on the people. The price of petrol has been… Read More
File tax return or pay penalty for tax year 2020: FBR started issuing tax notices
Federal Board of Revenue (FBR) has started issuing tax notices on non-submission of tax return for tax year 2020. FBR… Read More
Prize bond of Rs 25,000 discontinued with immediate effect
Prize bond of Rs 25,000 discontinued with immediate effect The government has decided to abolish the prize bond worth Rs… Read More