ISLAMABAD: The Federal Board of Revenue (FBR) has opened the door for proposals to amend laws related to sales tax and Federal Excise Duty (FED) as part of the upcoming budget for the fiscal year 2023-2024.
(more…)Author: Mrs. Anjum Shahnawaz
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Pakistan may soon announce sharp increase in petroleum prices
Pakistan may soon announce sharp increase in petroleum prices with the expected imposition of sales tax, sources said on Wednesday.
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Peshawar Customs Enforcement to auction old, used motor vehicles on Feb 09
ISLAMABAD: Collectorate of Customs (Enforcement), Peshawar to conduct auction of old and used motor vehicles on February 09, 2023.
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FBR transfers 18 Commissioners Inland Revenue of BS-20 with immediate effect
ISLAMABAD: Federal Board of Revenue (FBR) on Tuesday transferred 18 Commissioners of Inland Revenue Service (IRS) in BS-20 with immediate effect and until further orders.
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Pakistan, Tajikistan amend convention for avoidance of double taxation
Pakistan and Tajikistan have signed to amend the existing convention for avoidance of double taxation, Federal Board of Revenue (FBR) on Monday.
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FBR seeks proposals to eliminate exemption, concessions in income tax
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.
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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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