Pakistan Revenue
ISLAMABAD: Federal Board of Revenue (FBR) on Monday further extended the last date for filing sales tax and federal excise return for the month of December 2021 up to January 28, 2022. The FBR issued an office order to further extend the date of payment and filing of sales tax and federal excise return for […]
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Pakistan stocks saw a decline of 94 points on Monday as investors reacted cautiously to the impending monetary policy announcement. The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) closed at 44,924 points, down from Friday’s closing of 45,018 points.
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The Federal Board of Revenue (FBR) has introduced taxes on foreign-produced TV dramas and advertisements as part of its efforts to safeguard and promote the domestic media industry.
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KARACHI: Pakistan’s current account deficit ballooned to $9.1 billion during first half (July – December) 2021/2022 as compared with a surplus of $1.25 billion in the corresponding half of the last fiscal year, State Bank of Pakistan (SBP) said on Saturday. READ MORE: Pakistan’s CAD balloons to $7.1 billion in five months The significant current […]
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KARACHI: Investors to keep eye on inflationary pressure and subsequent monetary policy announcement during next week. Analysts at Arif Habib Limited said that investors should remain cautious in the upcoming week as the monetary policy committee (MPC) is meeting whereas inflationary pressure is set to rise in the backdrop of augmenting commodity prices. READ MORE: […]
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The Federal Board of Revenue (FBR) has instituted a significant change in the tax structure for the supply of food items by restaurants, bakeries, caterers, and sweetmeat shops, imposing a 17% sales tax.
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ISLAMABAD: The Federal Board of Revenue (FBR) on Thursday constituted a committee to hunt for tax evaders in supply chain i.e. manufacturers, importers, distributors, retailers etc. According to a FBR notification, the committee shall identify wholesalers, distributors, small, medium and large manufacturers/importers who potentially have taxable income but neither, they have been brought into the […]
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ISLAMABAD: The government has scheduled the presentation of the budget for fiscal year 2022/2023 in the first week of June 2022, the finance ministry said on Thursday. The finance ministry issued budget call circular 2022/2023. According to the circular, after completion of all budget documents and summaries by end of May 2022, the budget will […]
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ISLAMABAD: The Federal Board of Revenue (FBR) on Thursday notified the enhanced rates of advance tax on those vehicles, which sold prior to first registration. The tax rates have been enhanced through Finance (Supplementary) Act, 2022 through making amendment in Section 231(B)(2A) of Income Tax Ordinance, 2001. The FBR said that advance tax on vehicle […]
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ISLAMABAD: The Federal Board of Revenue (FBR) on Thursday said the advance income tax on cellular services has been increased to 15 per cent from 10 per cent. The FBR issued Circular No. 12 of 2022 to explain amendments to Income Tax Ordinance, 2001 made through Finance (Supplementary) Act, 2022. The increase in advance tax […]
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