FBR issues criteria for granting Authorized Economic Operator status

ISLAMABAD: Federal Board of Revenue (FBR) has issued eligibility conditions and criteria for grant of Authorized Economic Operator (AEO) status. The FBR issued SRO 1114(I)/2020 to notify rules related to Authorized Economic... Read more »

Tax Year 2021: rate of tax on cash withdrawal from banks

ISLAMABAD: Federal Board of Revenue (FBR) has updated rate of income tax to be deducted at the time of cash withdrawal from banks during tax year 2021 (July 01, 2020 to June... Read more »

Income tax rates on telephone, internet usage

ISLAMABAD: Federal Board of Revenue (FBR) has updated rates of income tax on usage of telephone and internet services by phone subscribers during tax year 2021 (July 30, 202 to June 30,... Read more »

Mobile banking registers phenomenal growth; transactions increase to Rs1,764 billion

KARACHI: The usage of mobile banking has surged phenomenally as transactions worth Rs1,764 billion recorded during fiscal year 2019/2020, which is 104 percent higher over the preceding fiscal year. State Bank of... Read more »

Income tax rates on electricity consumption

ISLAMABAD: Federal Board of Revenue (FBR) has updated rates of income tax on consumption of electricity for the tax year 2021 (July 01, 2020 to June 30, 2021). The FBR issued Income... Read more »