Applicable withholding sales tax rates on various supplies

KARACHI: Federal Board of Revenue (FBR) has notified withholding sales tax rates to be deducted / collected on various supplies by withholding agents. Read more »

Prime minister forms committee to resolve tax challenges for construction industry

ISLAMABAD: Prime Minister Imran Khan on Monday constituted a committee for formulation of proposals to resolve challenges of federal and provincial taxes faced by construction industry. Read more »

Return filing hits new peak of 2.676 million on ATL conditions

ISLAMABAD: The condition of 100 percent higher withholding tax rates for persons not appearing on Active Taxpayers List (ATL) increased the income tax return filing for tax year 2018 to a new... Read more »

Stock market surges by 825 points on policy rate cut hope

KARACHI: The stock market surged by 825 points on Monday owing to expected policy rate cut, MSCI review and reports of deal of the government with PML (N). Read more »

Karachi Chamber urges PM to honor genuine taxpayers

KARACHI: Karachi Chamber of Commerce and Industry (KCCI) on Monday urged Prime Minister Imran Khan to honor genuine taxpayers instead saying all the countrymen as tax thieves. Read more »

Rupee gains three paisas amid higher import payment demand

KARACHI: The Pak Rupee gained three paisas against dollar on Monday despite higher demand for import and corporate payments. Read more »

Tax rules for computation of profits, gains of insurance business

KARACHI: Federal Board of Revenue (FBR) has issued updated rules for the computation of profits and gains of the insurance business under Income Tax Ordinance, 2001. Read more »