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Best Classes Online for Tax Courses In Pakistan

Best Classes Online for Tax Courses In Pakistan

The online tax course offered by Global Tax Consultants comprises of theoretical, practical and numerical concepts of Tax Laws prevailing in Pakistan. In this online tax course opportunity available to learn the registration matters, monthly…

UPDATES
FBR Encouraged Taxpayers’ to get their legal cases resolved through ADRC

FBR Encouraged Taxpayers’ to get their legal cases resolved through ADRC

FBR Encouraged taxpayers to resolve cases through ADRC immediately. FBR issued a press release at February 02, 2021 for information of the taxpayer about the system of Alternative Dispute Resolution Committees (ADRC) and encouraged taxpayers…

TAXATION
Tax on Agricultural Income in Pakistan

Tax on Agricultural Income in Pakistan

Tax on Agricultural Income in Punjab Agricultural income is an exempt income from tax under section 41 of the Income Tax Ordinance, 2001. Such exemption from tax under ITO 2001 ( section 41 & section…

WORLD TAXES
Inheritance and gift tax rates around the world

Inheritance and gift tax rates around the world

This is the list of countries by inheritance tax rates and tax rates on the amount of gift. Inheritance tax is also termed as estate tax in some countries. Inheritance tax is normally charged to the…

UPDATES
Corruption in Pakistan increased more than Afghanistan: Transparency International reveals

Corruption in Pakistan increased more than Afghanistan: Transparency International reveals

Corruption in Pakistan is higher than in Afghanistan as Transparency International (TI) released its annual report on Thursday, which shows that the corruption situation in Pakistan worsened in 2020. According to the 2020 Corruption Perceptions…

UPDATES
FBR opposed to restore the zero rating system

FBR opposed to restore the zero rating system

The Federal Board of Revenue (FBR) has opposed the proposal to restore the zero-rating system in the textile sector or introduce lower sales tax rates in five export sectors. According to media reports, exporters have…

UPDATES
Tax Profiles updation not required to salaried taxpayers: FBR

Tax Profiles updation not required to salaried taxpayers: FBR

The Federal Board of Revenue (FBR) has issued a legal explanation that “salaried individuals” are not required to update their “tax profiles”. According to an explanation issued by the FBR to a Lahore-based chartered accountant…

TAXATION
Resident and Non Resident status under tax laws of Pakistan

Resident and Non Resident status under tax laws of Pakistan

Non-resident Pakistani is exempt from payment of taxes, which a resident Pakistani is liable to pay. Prior to the Finance Act 2019, an individual was treated as a “resident individual” for a tax year. If…

UPDATES
Taxpayer bound to make e-payment of duties and taxes over Rs 1 million: FBR

Taxpayer bound to make e-payment of duties and taxes over Rs 1 million: FBR

Mohsin Rafique of Collector Customs Appraisement Lahore informed in a seminar held at APTMA, Lahore that from January 20, 2021, all duties and taxes of more than one million will be paid through e-payment system…

UPDATES
Procedure for registration of FBR informer

Procedure for registration of FBR informer

A person who wants to become an informer, he should get himself first register with FBR for this purpose. Then he will able to get reward for the sharing of information with the Federal Board…

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