KARACHI: The government has empowered Commissioner of Inland Revenue, Federal Board of Revenue (FBR) to make assessment orders of past ten tax years where undisclosed offshore assets discovered.
KARACHI: Federal Board of Revenue (FBR) will notify special procedure for payment of taxes and filing returns by small traders and shopkeepers.
KARACHI: The government has provided relief to investors of stock exchange by allowing carry forward the losses for three years on disposal of securities.
KARACHI: The tax on undistributed profits will not be applicable beyond tax year 2019 as limit has been introduced through Finance Supplementary (Second Amendment) Bill, 2019 presented in the National Assembly on Wednesday.
ISLAMABAD: Finance Minister Asad Umar on Wednesday presented economic reform package for promoting investment and exports.