Karachi, March 25, 2024 – The National Clearing Company of Pakistan Limited (NCCPL) has announced that it will be collecting capital gain tax (CGT) on Friday, March 29, 2024.
(more…)Author: Shahnawaz Akhter
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Philip Morris Pakistan Faces 86% Decline in Income for 2023
Philip Morris (Pakistan) Limited, a prominent international tobacco company, has reported a staggering 86 percent decline in its total income for the fiscal year 2023.
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PSX Urges Tax Exemption without Sunset Clause to Private Funds
Karachi, March 25, 2024 – The Pakistan Stock Exchange (PSX) urged authorities to provide tax exemption to private funds without the imposition of a sunset clause in the upcoming federal budget 2024-25.
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FBR Initiates Tax Collection under Tajir Dost Scheme from July 15
Karachi, March 24, 2024 – The Federal Board of Revenue (FBR) will initiate tax collection under the newly proposed Tajir Dost Scheme for small traders and shopkeepers starting on July 15, 2024.
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Business Tax Integration Expanded Across Pakistan
Karachi, March 23, 2024 – Pakistan has taken a significant stride in integrating business enterprises in real-time through its portal for documenting transactions nationwide.
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Retailers Get Relief from Tax Integration in Pakistan
Karachi, March 23, 2024 – The retail sector in Pakistan is set to receive a significant boost as the Federal Board of Revenue (FBR), the country’s apex tax authority, announced a series of incentives aimed at providing relief to retailers from mandatory online integration with tax authorities.
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PSX Proposes Tax Credit Restoration for Share Investments
The Pakistan Stock Exchange (PSX) has proposed to the authorities the restoration of tax credits in the budget for 2024-25 concerning investments in shares.
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FBR Unveils New Tax Scheme for Small Traders and Shopkeepers
Islamabad, March 22, 2024 – The Federal Board of Revenue (FBR) has taken a significant step to ease tax burdens on small traders and shopkeepers by introducing a new ‘Tajir Dost Scheme,’ aiming to streamline tax procedures and promote compliance within this sector.
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FBR Exempts Numerous Businesses from Mandatory Integration
Islamabad, March 22, 2024 – In a bid to promote ease of doing business and accommodate diverse sectors of the economy, the Federal Board of Revenue (FBR) introduced exemptions from mandatory online integration for certain businesses.
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FBR Issues Fresh Procedure for Mobile Phone Registration
Islamabad, March 22, 2024 – The Federal Board of Revenue (FBR) unveiled a new procedure for the registration of mobile phones, aiming to streamline the process and ensure compliance with regulatory standards.
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