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Businesses
Ineligible taxpayers manage to avail Traders’ Voluntary Tax Compliance Scheme

Ineligible taxpayers manage to avail Traders’ Voluntary Tax Compliance Scheme

The Federal Board of Revenue (FBR) Intelligence and Investigation (I&I) Inland Revenue (IR) has revealed that 13,401 taxpayers filed 37,469 Voluntary Tax Compliance Scheme (VTCS) returns whereas most of them were ineligible for the scheme.…

BUDGET
FBR Issues clarification on withholding tax on medicine traders

FBR Issues clarification on withholding tax on medicine traders

FBR Issues Clarification “Federal Board of Revenue (FBR) has issued a clarification on a news story titled “1 pc advance tax pushes up drug prices significantly” appearing in Daily Business Recorder on 3rd August, 2021.…

TAXATION
Islamabad Chamber of Commerce chief demands fixed tax regime for Traders

Islamabad Chamber of Commerce chief demands fixed tax regime for Traders

Islamabad Chamber of Commerce and Industry President Sardar Yasir Ilyas Khan has urged the government to introduce a fixed tax regime for traders in the upcoming budget. He also said to end the condition of…

UPDATES
Traders remind FBR of their promise

Traders remind FBR of their promise

All Pakistan Anjuman e Tajiran (APAT) President Ajmal Baloch and Secretary Khalid Chaudhry expressing their concern on Tuesday that the Federal Board of Revenue (FBR) promised to install Point of Sales (POS) devices two years…

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