The Federal Board of Revenue (FBR) has recently released the rates of withholding tax to be collected on income from property for Tax Year 2019.
(more…)Author: Mrs. Anjum Shahnawaz
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Curbs on non-filers trap tax authorities
ISLAMABAD: The tax authorities are facing challenging revenue collection after imposing curbs on non-filers in the budget 2018-2019.
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Tax bars express concerns over short-term stay orders
The tax bars in Pakistan have voiced their concerns regarding short-term stay orders issued by the Appellate Tribunal Inland Revenue (ATIR).
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Exchange rate remains unchanged on January 19, 2019
The foreign exchange rate in Karachi remained unchanged on Saturday January 19, 2019 due to lower demand from the general public.
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Pakistan offers incentives to Chinese investors in oil, gas exploration
ISLAMABAD: Pakistan on Friday offered incentives to Chinese investors interested in oil and gas exploration in a bid to further strengthen economic ties and foster collaboration.
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FBR withdraws sales tax zero-rating on electricity supply to two textile units
KARACHI: Federal Board of Revenue (FBR) has withdrawn sales tax zero rating on supply of electricity to two textile units on misuse of tax concession facility.
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Withholding tax rates on profit on banking deposits
Withholding tax rates on profit on banking deposits have been updated for tax year 2019. In a significant development for the financial sector, the Federal Board of Revenue (FBR) has announced updated withholding tax rates on profit earned from banking deposits for the tax year 2019.
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Prime Minister reviews progress on CPEC
Prime Minister Imran Khan convened a crucial meeting on Friday to assess the advancements in the China-Pakistan Economic Corridor (CPEC), a transformative economic initiative that has the potential to reshape the economic landscape of the region.
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Colgate-Palmolive to deposit unclaimed dividend amount to national kitty
Colgate-Palmolive (Pakistan) Limited has made a significant announcement by declaring its intention to deposit the amount of unclaimed shares and unpaid dividends into the national treasury.
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