Sales tax exempted on services provided by marriage halls on area up to 800 square yards

KARACHI: Sindh Revenue Board (SRB) has said that marriage halls and laws are exempted from payment of 13 percent sales tax on services, which are located on plots measuring 800 square yards.... Read more »

FBR developing software to eliminate bogus invoices: CTO Chief

KARACHI: Federal Board of Revenue (FBR) is working to develop a new software which will eliminate flying / bogus invoices, Dr. Aftab Imam, Chief Commissioner, Corporate Tax Office (CTO) Karachi said during... Read more »

Banking system witnesses Rs222 billion withdrawal in October

KARACHI: An amount of Rs222 billion has been withdrawn from the banking system during the month of October 2020, according to statistics released by State Bank of Pakistan (SBP). The banking deposits... Read more »

Rate of tax on sale to distributors, dealers and wholesalers

ISLAMABAD: Federal Board of Revenue (FBR) has updated rate of advance income tax on sale to distributors, dealers and wholesalers during tax year 2021 (July 01, 2020 to June 30, 2020). The... Read more »

Weekly Review: market likely move positive on improvement economic indicators

KARACHI: The stock exchange likely to move positive during upcoming week on the back of improved macro-economic front. Analysts at Arif Habib Limited said that the market to remain green due to... Read more »