Imran Khan begins three-day US visit

ISLAMABAD: Prime Minister Imran Khan departed Saturday morning for his 3 days official visit of United States of America from July 21-23 23rd July through a commercial flight. Read more »

No compromise on documentation of economy: FBR chairman

ISLAMABAD: Shabbar Zaidi, Chairman, Federal Board of Revenue (FBR) on Friday said that the government will not compromise documentation of economy by surrendering condition of CNIC on purchases. Read more »

Stock market recovers 149 points on improved investors sentiments

KARACHI: The stock market recovered 149 points on Friday amid buying on improved investors sentiments. Read more »

RTO-II starts return filing facilitation drive next week

KARACHI: Regional Tax Office (RTO) –II Karachi to launch drive from next week in order to facilitate people to file their annual income tax returns. Read more »

Cash payment above Rs5 million for immovable property to attract penalty of 5pc of total value

KARACHI: A person who purchases immovable property having fair market value greater than Rs5 million through cash or bearer cheque then the person is liable to pay five percent of the value... Read more »

CNIC condition not applicable on purchases below Rs50,000

KARACHI: The condition of providing CNIC details is not applicable on purchases up to Rs50,000 by a person, said Zeeshan Merchant, former vice president of Karachi Tax Bar Association (KTBA). Read more »

SBP issues procedure for loans under PM’s Kamyab Jawan SME Lending Program

KARACHI: State Bank of Pakistan (SBP) on Thursday issued procedure for obtaining loan under Prime Minister’s Kamyab Jawan SME Lending Program. Read more »

Automated sales tax registration to start from July 01: FBR

ISLAMABAD: Federal Board of Revenue (FBR) on Monday said that the automated system for sales tax registration will start from July 01, 2019. Read more »

Finance Bill 2019: Revised CGT rates on sale of securities

ISLAMABAD: The Finance Bill 2019 has proposed revised rates of Capital Gain Tax (CGT) on sale of securities under Section 37A of the Income Tax Ordinance, 2001. Read more »

Finance Bill 2019: severe punishment proposed for offshore tax evasion

ISLAMABAD: The government has proposed severe punishment for tax evasion through Finance Bill 2019. Read more »

Finance Bill 2019: CGT on immovable properties revamped

ISLAMABAD: The capital gain tax on the immovable properties has been revamped through Finance Bill 2019 in order to streamline taxation on gains at the time of sale of immovable properties. Read more »

Finance Bill 2019: Money withheld of persons not appearing on ATL to be treated as unexplained

ISLAMABAD: The government has taken harsh stance against persons having taxable income but not on the tax roll. Read more »