FBR grants tax relief of Rs24.14 billion on sugar sales

ISLAMABAD: Federal Board of Revenue (FBR) has granted concession of Rs24.14 billion as sale tax on domestic supply of sugar. According to official documents, the FBR granted concession of Rs24.41 billion on... Read more »

FBR to get land ownership data

ISLAMABAD: Federal Board of Revenue (FBR) has signed agreement with Punjab province to get land ownership data for broadening the tax base. In line with the vision of the Prime Minister to... Read more »

TAX YEAR 2021: minimum tax rates

ISLAMABAD: Federal Board of Revenue (FBR) has updated rates of minimum tax to be applicable during tax year 2021 (July 01, 2020 – June 30, 2021). The FBR issued Income Tax Ordinance,... Read more »

TAX YEAR 2021: rate of CGT on immovable property

ISLAMABAD: Federal Board of Revenue (FBR) has updated rates of tax on capital gain on disposal of immovable properties that are applicable during tax year 2021 (July 01, 2020 – June 30,... Read more »

KTBA highlights return filing issues

KARACHI: Karachi Tax Bar Association (KTBA) highlighted problems in filing income tax returns at a meeting with Dr. Muhammad Ashfaq, Member, Inland Revenue – Operations on Saturday. The members of the KTBA... Read more »