Withholding tax rates for brokerage, commission updated

ISLAMABAD: Federal Board of Revenue (FBR) has updated withholding tax rates for brokerage and commission income for tax year 2021. The FBR issued withholding tax card 2020-2021 incorporating amendment to Income Tax... Read more »

FBR asks taxpayers to update profile to avoid penalty

ISLAMABAD: Federal Board of Revenue (FBR) has asked taxpayers to update their profile with necessary information by December 31, 2020 in order to avoid fine and penalty. The FBR in a statement... Read more »

Duty drawback payment to be made on FIFO basis

ISLAMABAD: Federal Board of Revenue (FBR) has said that payment of duty drawback will be paid on First-in First-out (FIFO) basis taking into account the date of filing of claim. The FBR... Read more »