Islamabad – The Federal Board of Revenue (FBR) has introduced a minimum tax for salary individuals with taxable income exceeding Rs800,000 but not exceeding Rs12,000 for Tax Year 2019.
(more…)Author: Mrs. Anjum Shahnawaz
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Pakistan imposes new conditions for clearance of new and used imported vehicles
In a bid to enhance transparency and ensure fiscal compliance, Pakistan has implemented new conditions for the clearance of both new and used imported vehicles under concessionary schemes.
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MCC Preventive auctions confiscated vehicles on January 18
The Model Customs Collectorate (MCC) Preventive has scheduled a public auction of confiscated vehicles to be held on January 18, 2019, at the headquarters of the Anti-Smuggling Organization (ASO) in Ghasbandar, Karachi.
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PM task force proposes zero percent income tax on internet
Islamabad – In a move aimed at promoting the information technology (IT) industry in Pakistan, the Prime Minister’s Task Force has proposed the elimination of income tax on internet services.
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Pakistan, China agree to expedite work under CPEC
Pakistan and China have mutually resolved to intensify their collaborative efforts under the China-Pakistan Economic Corridor (CPEC).
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KSE-100 gains 202 points on activities in oil companies
The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) concluded on a positive note, ending the trading day with a substantial gain of 202 points.
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Rupee Strengthens in Interbank
In a positive development for Pakistan’s financial landscape, the Pakistani Rupee (PKR) showed resilience and ended with a gain of four paisas against the US Dollar in the interbank foreign exchange market on Tuesday.
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ECC approves clearance of imported vehicles on verified foreign currency payment
ISLAMABAD – In a recent session, the Economic Coordination Committee (ECC) of the Cabinet, chaired by Finance Minister Asad Umar, gave its approval for a significant policy shift regarding the clearance of imported vehicles under various schemes.
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FBR to issue assessment notices of last ten years to potential taxpayers
KARACHI – The Federal Board of Revenue (FBR) has taken a significant step toward improving tax compliance by announcing its intention to issue assessment notices covering the past ten years to potential taxpayers and individuals who have failed to file a tax return for any of the last five years.
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Last day for non-compliant mobile phones
ISLAMABAD – The Pakistan Telecommunication Authority (PTA) has reminded the public that today serves as the final day for non-compliant mobile phones to operate without any service interruptions.
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