taxation
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Taxation
Government to Abolish Unnecessary Taxes
On Saturday, Federal Minister of Industry and Production Hammad Azhar assured the business community that the excessive tax burden on…
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Technology
Tax Returns Are Expected to Cross the 3 Million Mark
Over the last eight months, the Federal Board of Revenue (FBR) received 380,000 returns from taxpayers for the tax year…
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Taxation
FBR Seals Jazz Islamabad Office over Non-Payment of Tax for 2018
On Wednesday, the Federal Board of Revenue (FBR) sealed an office of Pakistan Mobile Communication Limited (PMCL) due to Rs25.3…
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Taxation
The Government May Impose GST on More Goods
The federal government may cut tax rates on low-cost cigarettes but will increase the levy on premium brands in the…
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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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Business
SBP Introduces a Temporary Refinance Scheme
The State Bank of Pakistan (SBP) has announced a temporary refinance scheme to incentivize businesses to not lay off their…
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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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