tax
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Business
FBR Introduces E-Hearing of Tax Audits and Assessments Cases
The Federal Board of Revenue (FBR) has launched online hearing of tax audit and assessment cases. “The FBR has introduced…
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Taxation
FBR: Builders Opting for FTS Not Required to Withhold Tax
The Federal Revenue Board (FBR) has declared that construction companies and developers opting for the Fixed Tax Scheme (FTS) are…
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Taxation
Government to Use Data of DISCOs, telecom cos for Broadening of Tax Base
The government has agreed to use data from power distribution companies (DISCOs) and telecommunications firms for tax base expansion by…
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Budget
Government is Likely to Reveal Tax-Free Budget for 2020-21
The Federal Revenue Board (FBR) has drawn up tax plans for the 2020-21 budget, concentrating primarily on “simplification of regulations…
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Defense
SECP Shares with FBR Tax Proposals Considered to Be Critical for Capital, Corporate Sectors
The Security and Exchange Commission of Pakistan (SECP) has shared with the FBR some key tax proposals considered to be…
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Construction
FBR Withdraws 5% Tax on Services of Construction
The Federal Revenue Board (FBR) has exempted 5% sales tax on the services of construction/land dealers and will now charge…
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Economic Policies
Import Sales Tax Collection Falls 16% in March
As per the official data, import sales tax collection fell more than 16% as coronavirus lockdown has halted economic activities…
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Economic Policies
Government Faces Pressure From Influential Quarters to Reverse Real Estate Taxes
The Government of Pakistan is facing a lot of pressure to reverse real estate sector taxation measures from the influential…
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Business
IMF to Announce a Tax Break to Business Affected by Coronavirus
The International Monetary Fund (IMF) has decided to give tax breaks to all the businesses affected by the global outbreak…
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Taxation
FBR Issues Notices to Tax Defaulting Doctors
The Federal Board of Revenue FBR has prepared a list of 100 tax defaulting doctors to take strict action against…
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