The tax rates for super tax for tax year 2022 under the First Schedule of the Income Tax Ordinance, 2001. The Federal Board of Revenue (FBR) issued the Income Tax Ordinance, 2001 updated up to June 30, 2021. The Ordinance incorporated amendments brought through Finance Act, 2021. Following are the rates of super tax: Provided that in case of a banking company, … Read more
The tax rates for corporate entities for tax year 2022 under the First Schedule of the Income Tax Ordinance, 2001. The Federal Board of Revenue (FBR) issued the Income Tax Ordinance, 2001 updated up to June 30, 2021. The Ordinance incorporated amendments brought through Finance Act, 2021. Following are the rates of tax for corporate entities: (i) The rate of tax imposed … Read more
The tax rates for salaried persons for tax year 2022 under the First Schedule of the Income Tax Ordinance, 2001. The Federal Board of Revenue (FBR) issued the Income Tax Ordinance, 2001 updated up to June 30, 2021. The Ordinance incorporated amendments brought through Finance Act, 2021. Following are the rates of tax for salaried persons during tax year 2022 (July 01, … Read more
The tax rates for individuals and Association of Persons (AOPs) for tax year 2022 under the First Schedule of the Income Tax Ordinance, 2001. The Federal Board of Revenue (FBR) issued the Income Tax Ordinance, 2001 updated up to June 30, 2021. The Ordinance incorporated amendments brought through Finance Act, 2021. Following are the rates of tax for Individuals and Association of … Read more
ISLAMABAD: The Federal Board of Revenue (FBR) on Thursday said that trade discount if any to be given by a retailer has to be depicted on the invoice horizontally i.e. from left to right The FBR on August 9, 2021 issued SRO 1006(I)/2021 and specified standardized format for sales tax invoice detailing minimum requirement for … Read more
KARACHI: The bulls dominated the stock trading on Thursday as the benchmark KSE-100 index gained 1,112 points. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 44,334 as compared with previous day’s closing of 43,222 points. Analysts at Topline Securities said that bulls dominated the benchmark KSE-100 Index where market settled at 44,337 … Read more
KARACHI: Chairman Businessmen Group (BMG) & Former President Karachi Chamber of Commerce & Industry (KCCI) Zubair Motiwala has urged all shopkeepers and small traders to exhibit complete unity and solidarity under KCCI’s umbrella so that one strong voice could be raised to compel the federal and provincial governments to pay attention to Karachi and immediately … Read more
State Bank of Pakistan KARACHI: State Bank of Pakistan (SBP) on Thursday said that in order to mark the occasion of 70th anniversary of Pakistan-Germany Diplomatic relations, the Government of Pakistan has decided to issue a commemorative coin of even denomination, i.e. Rs.70. This coin will be available on exchange counters of SBP Banking Services Corporation from October 15, … Read more
KARACHI: State Bank of Pakistan (SBP) on Thursday issued the following Karachi Interbank Offered Rates (KIBOR) on October 14, 2021. Tenor BID OFFER 1 – Week 7.20 7.70 2 – Week 7.25 7.75 1 – Month 7.29 7.79 3 – Month 7.71 7.96 6 – Month 8.08 8.33 9 – Month 8.37 8.87 1 – Year 8.60 9.10
ISLAMABAD: The offices of Inland Revenue will remain open till 12:00 midnight of October 15, 2021 to facilitate taxpayers in filing their annual returns for tax year 2021. The Federal Board of Revenue (FBR) on Thursday issued instructions to all chief commissioners of Inland Revenue that offices of Inland Revenue shall remain open and observe … Read more