Pakistan Revenue
ISLAMABAD: The Federal Board of Revenue (FBR) on Tuesday said it will re-notify the valuation of immovable properties on February 01, 2022. The FBR further said that the valuation issued on December 01, 2021 will remain in abeyance till January 31, 2022.
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KARACHI: The Pak Rupee (PKR) declined by 26 paisas against the US dollar on Tuesday due to higher foreign currency demand for import payment. The local unite ended at Rs176.18 to the dollar from last day’s closing of Rs175.92 in the interbank foreign exchange market. READ MORE: Rupee recovers 15 paisas against dollar in interbank […]
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KARACHI: Following are the rates of buying and selling of one UAE Dirham (AED) in Pakistani Rupee (PKR) in the open market on January 18, 2022: Buying: Rs 47.90 to the UAE Dirham Selling: Rs 48.40 to the UAE Dirham The buying rate means an exchange company or a bank buys foreign currency from a customer. The selling rate means an […]
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In an effort to provide clarity and streamline the taxation of digital payments, recent amendments have been made to the Income Tax Ordinance, 2001, through the Finance (Supplementary) Act, 2022.
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ISLAMABAD: Federal Board of Revenue (FBR) on Monday extended date for filing sales tax return for the month of December 2021 up to January 24, 2022. The last date for filing the sales tax return for the month of December 2021 is January 18, 2021. The taxpayers are required to file their sales tax returns […]
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ISLAMABAD: The President of Pakistan, Dr. Arif Alvi, expressed dismay over misconduct of tax authorities with an 82 year old taxpayers in a refund case. Dr. Alvi directed the chairman of the Federal Board of Revenue (FBR) to look into the entire system of irresponsibility and corruption and take punitive action against the entire chain […]
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The Federal Board of Revenue (FBR) has prescribed procedure for grant of reward to Inland Revenue officials and whistleblowers for detection of tax evasion. The Federal Board of Revenue (FBR) issued the Sales Tax Act, 1990 updated up to June 30, 2021. The Act incorporated amendments brought through Finance Act, 2021. Following is the text of section 72C and 72D […]
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ISLAMABAD: The Federal Board of Revenue (FBR) on Saturday announced the winners of the first draw of prize scheme on invoices obtained from Point of Sales (POS). According to the FBR, the bumper prize of Rs one million has been won by Tanveer Ahmed. The second prize of two each Rs0.5 million has been won […]
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ISLAMABAD: The petrol price in Pakistan has been increased to a record high of Rs147.83 per liter, said a statement issued by the finance ministry on Saturday. The government announced to increase prices of all petroleum products with effect from January 16, 2022. READ MORE: Prices of all POL products increased to wish New Year […]
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ISLAMABAD: The President of Pakistan, Dr. Arif Alvi, on Saturday granted approval to the Finance (Supplementary) Bill. The National Assembly on January 13, 2022 adopted the finance supplementary bill tabled by the government. With the ascent of the President, the financial proposals of the government are not implemented. READ MORE: Supplementary bill aimed at documenting […]
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