CGT on immovable properties reduced by 50 percent

ISLAMABAD: The capital gain tax on (CGT) disposal of immovable properties has been reduced by 50 percent in order to promote investment in construction industry. According to Deloitte Yousuf Adil, Chartered Accountants,... Read more »

Automated scrutiny of tax returns to end universal self assessment scheme

ISLAMABAD: The introduction of automated scrutiny of all income tax returns may end the Universal Self Assessment Scheme (USAS) in the country. The Finance Bill, 2020 introduced a major policy change under... Read more »

Weekly Review: Positive sentiments may prevail

KARACHI: Trading activities likely witness positive sentiments during upcoming week as political uncertainty may settle down, analysts said. Analysts at Arif Habib Limited said that the political noise is expected to settle... Read more »

KTBA advises FBR to suspend notices amid alarming rise in COVID cases

KARACHI: Karachi Tax Bar Association (KTBA) has advised Federal Board of Revenue (FBR) to suspend notices for various tax matters with immediate effect considering the alarming increase in cases of COVID-19 in... Read more »

Highlights of tax relief announced by Khyber Pakhtunkhwa for 2020/2021

PESHAWAR: The Khyber Pakhtunkhwa government announced tax relief package in order to mitigate the adverse impact of coronavirus. Key points of the tax incentives to be granted during the next fiscal year.... Read more »

Khyber Pakhtunkhwa presents Rs923 billion tax free budget for 2020/2021

PESHAWAR: The Khyber Pakhtunkhwa Government on Friday presented budget 2020/2021 with total outlay of Rs 923billion. The budget is a tax free and with an amount of Rs104 billion allocated for Annual... Read more »