KARACHI: National Clearing Company of Pakistan (NCCPL) on Thursday shared updated capital gain tax (CGT) rates that are applicable from July 01, 2021.
Islamabad – The Federal Board of Revenue (FBR) has shed light on the calculation of income tax concerning the fair market value of various assets, services, and properties.
In a bid to enhance clarity and transparency in tax calculations, the Federal Board of Revenue (FBR) in Pakistan has emphasized the importance of Section 67 of the Income Tax Ordinance, 2001.
The Federal Board of Revenue (FBR) has unveiled insights into the tax treatment of properties co-owned by two or more individuals through Section 66 of the Income Tax Ordinance, 2001.
The Federal Board of Revenue (FBR) has issued updated rates of withholding tax on sale and purchase of immovable properties.
ISLAMABAD: The Legal Wing of the Federal Board of Revenue (FBR) has disposed of 25,323 appeals involving tax revenue of around Rs900 billion during fiscal year 2020/2021.
KARACHI: The Federal Board of Revenue (FBR) has initiated action against big retailers by posting tax officials at business premises for monitoring of sales. Corporate Tax Office (CTO) Karachi, an arm of the FBR, has posted its staff at eight outlets of a big retailer for checking sales, purchase and production of saleable goods. The […]
The Federal Board of Revenue (FBR) announced on Wednesday that it has increased the minimum prices of steel products in an effort to align them with the rising costs observed in both domestic and international steel markets.
The Federal Board of Revenue (FBR) has issued revised rates for advance tax on the registration or transfer of motor car.
KARACHI: Model Customs Collectorate (MCC), Gwadar has announced auction of old and new lot of confiscated vehicles to be held on August 13, 2021. The auction will be held at Customs House, Gaddani on ‘as is where is’ basis. The collectorate to auction following confiscated vehicles: 01. Toyota Land Cruiser, Reg No. BC-0448, Chassis No. […]