taxation
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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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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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Taxation
FBR to Impose Additional Tax on Certain Items
The Federal Board of Revenue (FBR) may generate additional revenue of Rs. 200 billion by imposing a standard rate of…
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