Karachi, December 24, 2023 – The Federal Board of Revenue (FBR) has initiated a monthly acquisition of detailed information on car buyers from various stakeholders.
(more…)Author: Shahnawaz Akhter
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Steady Rupee Expected Against Dollar as 2023 Wraps Up
KARACHI – December 24, 2023: In the last week of 2023, experts believe the Pakistani rupee will likely stay steady against the US dollar. Starting December 26, 2023, this positive prediction is based on a good balance between how much people want and how much they have of the American currency, along with a smaller difference in the country’s spending and earnings.
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PTBA Calls for Consumer Profiling Before Section 114B Activation
Karachi, December 23, 2023 – The Pakistan Tax Bar Association (PTBA) has fervently recommended the adoption of consumer profiling before invoking Section 114B of the Income Tax Ordinance, 2001.
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PTBA Strongly Condemns Punjab Police Aggression
Karachi, December 23, 2023 – The Pakistan Tax Bar Association (PTBA) issued a strong condemnation on Saturday against the Punjab police for their aggressive actions towards senior members of the apex tax bar.
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FBR Unveils Valuation Process for Hidden Assets in Pakistan
Karachi, December 23, 2023 – The Federal Board of Revenue (FBR) has officially announced a meticulous valuation process for discovered hidden assets in Pakistan.
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FBR Procedure for Sales Tax Collection on Used Vehicles
Karachi, December 23, 2023 – The Federal Board of Revenue (FBR) has introduced a straightforward procedure for the collection of sales tax on the sale of used vehicles for the tax year 2024.
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UNISAME Facilitates Operationalization of Exim Bank
Karachi, December 22, 2023 – In a significant development for the small and medium enterprises (SMEs) in Pakistan, the Union of Small and Medium Enterprises (UNISAME) has played a pivotal role in facilitating the operationalization of the Export-Import Bank of Pakistan (Exim Bank).
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FBR Introduces Rules for Digitalizing Tax Deduction with SWAPS
Karachi, December 22, 2023 – The Federal Board of Revenue (FBR) took a significant step on Friday by unveiling draft rules aimed at digitalizing tax deduction and collection processes through the introduction of SWAPS (Synchronized Withholding Administration and Payment System).
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Obtain Tax Clearance Certificate Before Leaving Permanently
Karachi, December 22, 2023 – In a significant development, citizens planning to leave Pakistan permanently will now be required to obtain tax clearance certificates, according to the updated Income Tax Rules for the tax year 2024.
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Committee Formed for Single Sales Tax Return Filing in Pakistan
Karachi, December 21, 2023 – A significant step towards tax reforms has been taken in Pakistan as a committee has been set up for the implementation of a Single Sales Tax Return through a unified portal.
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