FBR notifies rules to resolve cases through alternate dispute resolution

KARACHI: Federal Board of Revenue (FBR) has notified rules to implement Alternate Dispute Resolution (ADR) for reduce the number of tax cases and facilitate taxpayers through settlement without going any court of... Read more »

Finance Supplementary (Second Amendment) Bill 2018: Key points of income tax proposals

KARACHI: A chartered accountant firm has highlighted proposed amendments to Income Tax Ordinance, 2001 through Finance Supplementary (Second Amendment) Bill, 2019. Read more »

Reform package exempts withholding tax for rupee accounts receiving foreign remittances

KARACHI: The new reform package has allowed exemption from collection of withholding tax on cash withdrawals from a bank account maintained in local currency where deposits are made through foreign remittances. Read more »

PIA starts monitoring of free tickets

KARACHI: Pakistan International Airlines (PIA) has started monitoring of free tickets granted to non-revenue and government agencies officials. Read more »