FBR to notify special procedure for small traders, shopkeepers

KARACHI: Federal Board of Revenue (FBR) will notify special procedure for payment of taxes and filing returns by small traders and shopkeepers. Read more »

Loss carry forward allowed for three years on disposal of securities

KARACHI: The government has provided relief to investors of stock exchange by allowing carry forward the losses for three years on disposal of securities. Read more »

Tax on undistributed profits not to applicable beyond tax year 2019

KARACHI: The tax on undistributed profits will not be applicable beyond tax year 2019 as limit has been introduced through Finance Supplementary (Second Amendment) Bill, 2019 presented in the National Assembly on... Read more »

Reform Package 2019: Withholding tax on cash withdrawal for filers abolished; super tax withdrawn; non-filers allowed purchase of motor vehicles

ISLAMABAD: Finance Minister Asad Umar on Wednesday presented economic reform package for promoting investment and exports. Read more »