1. Home
  2. #TopTaxNews

Tag: #TopTaxNews

BUDGET
Real Estate Sector Demands Extension In Construction Package & Amnesty Scheme

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 Minister and the related amnesty scheme be extended till June 30, 2022. 50% reduction in all fees on…

WORLD TAXES
Rich countries Under Criticism Over G7 Tax Deal

Rich countries Under Criticism Over G7 Tax Deal

Anti-poverty activists on Monday criticized the agreement reached by seven rich countries (G7) to impose a minimum tax on multinational companies, saying it would benefit rich countries at the expense of the poor. The finance…

WORLD TAXES
Tax Deadline 2021 for World Corporate Income Taxes

Tax Deadline 2021 for World Corporate Income Taxes

Here, Tax deadlines for 2021, Income Tax Due dates or Tax Calendar is given for Individuals, Association of Persons (AOPs) and Company (Corporate Sector) of Pakistan and for World Corporate Income Tax deadlines for all…

BLOG
Government fixes Nisab for Zakat at Rs80,933 for 2021

Government fixes Nisab for Zakat at Rs80,933 for 2021

The federal government of Pakistan has fixed Nisab for Zakat deduction on bank accounts for the current year 2021 at Rs 80,933. A notification issued by the Administrator-General Zakat about zakat Nisab. Where the Nisab…

BUDGET
FBR Submits Proposed Tax Exemptions Withdrawal Bill in National Assembly secretariat

FBR Submits Proposed Tax Exemptions Withdrawal Bill in National Assembly secretariat

The Federal Board of Revenue (FBR) submitted a bill to the National Assembly (NA) secretariat, consisting of tax amendments to withdraw about 36 tax exemptions. It will be applicable from July 1 2021 under the…

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…

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…

Businesses
IT Exports Increased by 40%

IT Exports Increased by 40%

According to the Ministry of information and communication technology (ICT) exports of IT and telecommunication during July-December of the fiscal year 2020-21 increased by 40% to US 958 million. This growth attributed to the increase…

Share it !