ISLAMABAD: The Federal Board of Revenue (FBR) has called for proposals to eliminate exemptions and concessions under income tax laws as part of the formulation process for the budget 2023-2024.
(more…)Author: Mrs. Anjum Shahnawaz
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Supreme Court orders taxpayers to pay half of super tax
ISLAMABAD: Supreme Court of Pakistan (SCP) on Monday ordered the taxpayers to pay half of the super tax within seven days, according to a Tweet by the Federal Board of Revenue (FBRP).
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FBR notifies regulations for evidence of identity to accessing Pakistan Single Window
ISLAMABAD: Federal Board of Revenue (FBR) on Monday notified regulations for evidence of identity for accessing Pakistan Single Window (PSW).
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FTO directs fair treatment of salary taxation for temporary employees
Federal Tax Ombudsman (FTO) has issued instructions regarding salary taxation for temporary / adhoc employees and directed employers and tax authorities to deduct tax of such employees under Section 149 of Income Tax Ordinance, 2001.
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Discontinuation of Rs5000 banknote suggested to formalize Pakistan economy
Pakistan Business Council (PBC) in a report suggested discontinuation of the highest denomination banknote of Rs5000 in order to formalize the country’s economy.
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Peshawar customs intelligence auctions motor vehicles on Feb 07
ISLAMABAD: Directorate of Customs Intelligence and Investigation, Peshawar has announced auction of motor vehicles on February 07, 2023.
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Significant jump in petroleum prices in the offing with expected sales tax imposition
ISLAMABAD: A significant increase in petroleum prices in the offing as the government may impose sales tax at 17 per cent on the petroleum products.
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IRS officers directed to provide declaration of avoiding private consultancy
ISLAMABAD: Federal Board of Revenue (FBR) on Friday directed all officers / officials of Inland Revenue Service (IRS) to submit declaration of avoiding private consultancy.
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FBR shuffles 60 customs officers in latest transfers, postings
ISLAMABAD: In a significant administrative move, the Federal Board of Revenue (FBR) has announced the transfer and posting of 60 senior officers of the Pakistan Customs Service (PCS) in its latest reshuffle.
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Russian oil starts arriving Pakistan by April 2023
ISLAMABAD: Russian oil will start arriving Pakistan by April 2023, according to a state minister, who informed the Senate on Friday.
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