The rate of tax on income from property for the tax year 2022 has been provided under the First Schedule of the Income Tax Ordinance, 2001. The Federal Board of Revenue (FBR) issued the Income Tax Ordinance, 2001 updated up to June 30, 2021. The Ordinance incorporated amendments brought through Finance Act, 2021. Following are the tax rates on Income from Property: (a) […]
The rate of tax on exports for the tax year 2022 has been explained under the First Schedule of the Income Tax Ordinance, 2001. The Federal Board of Revenue (FBR) issued the Income Tax Ordinance, 2001 updated up to June 30, 2021. The Ordinance incorporated amendments brought through Finance Act, 2021. Following are the rate of tax on exports: (1) The rate of […]
The advance tax rates on payments to non-residents for the tax year 2022 are under the First Schedule of the Income Tax Ordinance, 2001. The Federal Board of Revenue (FBR) issued the Income Tax Ordinance, 2001 updated up to June 30, 2021. The Ordinance incorporated amendments brought through Finance Act, 2021. (1) The rate of tax to be deducted from a payment referred to in […]
The advance tax rates on on profit on debt during tax year 2022 are under the First Schedule of the Income Tax Ordinance, 2001. The Federal Board of Revenue (FBR) issued the Income Tax Ordinance, 2001 updated up to June 30, 2021. The Ordinance incorporated amendments brought through Finance Act, 2021. The rate of tax to be deducted under section 151 shall be 15% of […]
The advance tax rates on payments to non-residents for the tax year 2022 are under the First Schedule of the Income Tax Ordinance, 2001. The Federal Board of Revenue (FBR) issued the Income Tax Ordinance, 2001 updated up to June 30, 2021. The Ordinance incorporated amendments brought through Finance Act, 2021. (1) The rate of tax to be deducted from a payment referred to in […]
The advance tax rates on return on investment in sukuk for the tax year 2022 are under the First Schedule of the Income Tax Ordinance, 2001. The Federal Board of Revenue (FBR) issued the Income Tax Ordinance, 2001 updated up to June 30, 2021. The Ordinance incorporated amendments brought through Finance Act, 2021. The rate of tax to be deducted on return on investment […]
The advance tax rates on dividends for the tax year 2022 are under the First Schedule of the Income Tax Ordinance, 2001. The Federal Board of Revenue (FBR) issued the Income Tax Ordinance, 2001 updated up to June 30, 2021. The Ordinance incorporated amendments brought through Finance Act, 2021. The rate of tax to be deducted under section 150 shall be- (a) 7.5 per […]
The advance tax rates for the tax year 2022 are under the First Schedule of the Income Tax Ordinance, 2001. The Federal Board of Revenue (FBR) issued the Income Tax Ordinance, 2001 updated up to June 30, 2021. The Ordinance incorporated amendments brought through Finance Act, 2021. The rate of advance tax to be collected by the Collector of Customs under section 148 shall […]
Karachi Tax Bar Association (KTBA) has strongly protested over the suspension of credit and debit notes against supplies made to unregistered persons. The tax bar in a letter to the chairman of the Federal Board of Revenue (FBR) on Friday pointed that a dilemma cropped up in the sales tax return from the period July […]
ISLAMABAD: Federal Tax Ombudsman (FTO) has taken a prompt action on a complaint against customs authorities for holding clearance unnecessarily. The complainant being regular importer of “Agricultural Tractors”, had imported on October 9, 2021 a consignment of Agricultural Tractors to be used by the farmers of the country. After proper examination/scrutiny of consignment by the […]