Mrs. Anjum Shahnawaz, Author at Pkrevenue.com

Non-ATL retailers to pay double amount of fixed tax

July 5, 2022July 5, 2022Mrs. Anjum Shahnawaz

ISLAMABAD: Small retailers or a shopkeepers have to pay double the amount of fixed tax in case of not appearing on the Active Taxpayers List (ATL). The federal government through the Finance Bill, 2022 introduced a scheme of fixed tax for small retailers. However, the National Assembly approved the bill with certain changes in the […]

FBR notifies companies return forms for tax year 2022

July 4, 2022January 19, 2024Mrs. Anjum Shahnawaz

The Federal Board of Revenue (FBR) in Pakistan has officially released the income tax return forms for companies for the tax year 2022, signaling the commencement of the annual tax filing season.

FBR issues business individuals return forms for tax year 2022

July 4, 2022January 19, 2024Mrs. Anjum Shahnawaz

The Federal Board of Revenue (FBR) has taken a significant step towards initiating the annual tax filing process by issuing income tax return forms for business individuals for the tax year 2022.

FBR notifies AOP return form tax year 2022

July 3, 2022January 19, 2024Mrs. Anjum Shahnawaz

The Federal Board of Revenue (FBR) has taken a significant step towards enhancing tax transparency by releasing income tax return forms for Association of Persons (AOPs) for the tax year 2022.

FBR issues salary return form for tax year 2022

July 3, 2022August 17, 2024Mrs. Anjum Shahnawaz

The Federal Board of Revenue (FBR) has taken a significant step in facilitating tax compliance by issuing income tax return forms specifically tailored for salaried individuals for the tax year 2022.

NA approves levy on petroleum products up to Rs50/liter

July 2, 2022July 2, 2022Mrs. Anjum Shahnawaz

ISLAMABAD: National Assembly (NA) has approved a levy of Rs50 per liter on each petroleum product. The assembly allowed the government to include the levy in the prices of petroleum products up to Rs50 per liter of each product. READ MORE: All tax proposals of IT sector accepted: FBR The National Assembly passed the Finance […]

Pakistan allows duty exemption on coal import from Afghanistan

July 2, 2022July 2, 2022Mrs. Anjum Shahnawaz

ISLAMABAD: Pakistan has allowed exemption of customs duty on import of coal from Afghanistan. The country’s apex revenue authority i.e. Federal Board of Revenue (FBR) issued SRO 968(I)/2022 to exempt customs duty on import of certain items, including coal from Afghanistan. Earlier this week Prime Minister Muhammad Shehbaz Sharif approved the import of super-critical quality […]

Pakistan opens return filing portal for tax year 2022

July 1, 2022July 1, 2022Mrs. Anjum Shahnawaz

ISLAMABAD: Pakistan on Friday opened the income tax return filing portal for tax year 2022. The return filing portal will remained available till September 30, 2022, as three months are statutory time period for filing income tax return. Salaried persons, business individuals, Association of Persons (AOPs) and Companies having special account year will file the […]