FBR removes tax officials despite resistance from tax machinery
The Federal Board of Revenue (FBR) has dismissed 29 officials from civil service on charges of…
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…
Taxation and changes for IT and IT enabled services, startups and freelancers
Let us see the taxation of IT and IT enabled services, freelancer and startups. Both income tax and…
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…
FBR uploads Income Tax Return Forms for Tax Year 2021
Federal Board of Revenue (FBR) has uploaded the Income Tax Return Forms for Tax Year-2021. Separate…
Auto Financing by banks hit an all-time high
Auto financing by banks hit an all-time high of Rs297.5 billion in Pakistan. As consumers’ hunger…
National Assembly Approved Finance Bill 2021-2022
The National Assembly of Pakistan on Tuesday approved the Finance Bill 2021-2022 with majority of…
Real Estate Sector Demands Extension In Construction Package & Amnesty Scheme
The real estate sector has demanded in the next budget that the construction package of the Prime…
