April 20, 2024

Pkrevenue.com

Pakistan Revenue

Category: Budget

PSX recommends modification in tax laws for Shariah compliant criteria
May 22
Budget 2021-2022

PSX recommends modification in tax laws for Shariah compliant criteria

KARACHI: Pakistan Stock Exchange (PSX) has recommended modification in Shariah compliance criteria under Income Tax laws to make it practically possible to meet the requirement. The PSX in its proposals for budget 2021/2022 said that the modification would held the promotion and development of Islamic capital markets by encouraging new listings of companies on PSX […]

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Short term tax policies should be avoided to attract investors
May 22
Budget 2021-2022, Stock & Commodity

Short term tax policies should be avoided to attract investors

KARACHI: The government should avoid short term tax policies to ensure stable economic environment so investors can plan their investments in the country. Pakistan Stock Exchange (PSX) in its proposals for budget 2021/2022 said that as much as favorable tax treatment, investors need a stable and predictable tax environment. When making a long-term investment decision, […]

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FPCCI urges tax rate cut in budget to mitigate coronavirus losses
May 17
Budget 2021-2022, Trade & Industry

FPCCI urges tax rate cut in budget to mitigate coronavirus losses

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Monday sought sizeable cut in tax rates in upcoming budget 2021/2022 to mitigate industrial losses due to coronavirus. FPCCI’s Businessmen Panel Chairman Mian Anjum Nisar, in a statement, said that the government will have to make visible reduction in taxes in the budget 2021-22 […]

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FBR deputes IR officers for budget preparation
May 7
Budget 2021-2022, Taxation

FBR deputes IR officers for budget preparation

ISLAMABAD: Federal Board of Revenue (FBR) on Friday assigned the services of following officers of Inland Revenue (IR) with Member (IR-Policy) with immediate effect and until further orders for ongoing Budget exercise and for preparation of Finance Bill, 2021-2022. Shabih-ul-Aijaz (IRS/BS-20) presently posted as Commissioner-IR (Audit-II), Large Taxpayers Office, Lahore. Taudeer Ahmad (IRS/BS-19) presently posted […]

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ICAP presents proposals for budget 2021/2022
May 6
Budget 2021-2022, Taxation

ICAP presents proposals for budget 2021/2022

ISLAMABAD: Institute of Chartered Accountants of Pakistan (ICAP) on Thursday presented proposals for budget 2021/2022 to Shaukat Tarin, minister for finance and revenue. ICAP Vice President Ashfaq Tola called on the Federal Minister for Finance and Revenue, Shaukat Tarin here at the Finance Division to present proposals on Model Federal Budget 2021-2022. SA PM on […]

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