Prime Minister Imran Khan has taken a decisive step to ensure that businessmen who availed the income tax amnesty scheme and fulfilled all codal formalities are not subjected to harassment.
(more…)Year: 2019
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Sales tax refunds: 3-year promissory notes to bear 10 percent annual profit
Obtaining Sales tax refunds has been made easy as the government decided to issue 3-year promissory notes to bear 10 percent annual profit.
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Rupee strengthens on reform package announcement
Pakistani Rupee has strengthens against the dollar on Thursday owing to reform package announcement by the government.
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KCCI hopes reform package to boost industrialization
Karachi Chamber of Commerce and Industry (KCCI) has expressed hopes that reform package to boost industrialization.
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Finance Supplementary Bill: FBR issues salient features of customs duty regime
The FBR released crucial details on Thursday regarding the transformative changes brought to the Customs duty regime through the Finance Supplementary (Second Amendment) Bill, 2019, which was presented on January 23, 2019. These modifications are poised to impact various sectors and streamline the country’s trade policies.
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Reduced income tax rate of Rs5,000 for marriage halls
Reduced income tax rate of Rs5,000 for marriage halls has been announced by the government in a move aimed at providing relief to individuals.
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Only non-filers to pay withholding tax on cash, non-cash banking transactions
Pakistan has decided that only non-filers of income tax returns will pay withholding tax on cash and non-cash banking transactions.
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New withholding tax card for imported mobile phones proposed
New withholding tax card has been prompted for imported mobile phones with the aim to standardize tax obligations by importers.
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