Tax on shipping, air transport income of non-residents

Jul 19

Taxation

Tax on shipping, air transport income of non-residents

ISLAMABAD: Section 7 of Income Tax Ordinance, 2001 deals with tax chargeability on shipping, air transport income of non-residents. The Federal Board of Revenue (FBR) issued the updated Income Tax Ordinance, 2001. The Ordinance incorporated amendments brought through Finance Act, 2021. Section 7: Tax on shipping and air transport income of a non-resident person.— (1) […]

by Faisal Shahnawaz

SRB extends date for sales tax payment, return filing

Jul 19

Taxation

SRB extends date for sales tax payment, return filing

The Sindh Revenue Board (SRB) announced on Monday an extension of the deadline for sales tax payment and the filing of returns for June 2021.

by Faisal Shahnawaz

Qadir Memon posted as chief collector enforcement south

Jul 19

Pakistan Customs, Taxation

Qadir Memon posted as chief collector enforcement south

The Federal Board of Revenue (FBR) has announced significant transfers and postings in the Pakistan Customs Service (PCS), affecting key positions in Karachi. Abdul Qadir Memon, a seasoned BS-20 officer of the PCS, has been appointed as the Chief Collector, Enforcement (South), Karachi.

by Mrs. Anjum Shahnawaz

Tax on payment to non-residents Section 6

Jul 19

Taxation

Tax on payment to non-residents Section 6

ISLAMABAD: Section 6 of Income Tax Ordinance, 2001 deals with tax chargeability on certain payments made to non-residents.

by Hamza Shahnawaz

Jul 18

Taxation

Section 5 of Income Tax Ordinance, 2001

ISLAMABAD: Section 5 of Income Tax Ordinance, 2001 deals with income of a persons who receives dividend from a company.

by Hamza Shahnawaz

Section 4B of Income Tax Ordinance, 2001: super tax

Jul 18

Taxation

Section 4B of Income Tax Ordinance, 2001: super tax

ISLAMABAD: The Section 4B of the Income Tax Ordinance, 2001 deals with super tax for rehabilitation of temporarily displaced persons. The Federal Board of Revenue (FBR) issued the updated Income Tax Ordinance, 2001.

by Faisal Shahnawaz

Section 4 of Income Tax Ordinance, 2001: tax on taxable income

Jul 18

Taxation

Section 4 of Income Tax Ordinance, 2001: tax on taxable income

ISLAMABAD: The Federal Board of Revenue (FBR) issued the updated Income Tax Ordinance, 2001 after incorporating amendments brought through Finance Act, 2021. The Section 4 of the Income Tax Ordinance, 2001 deals with tax on taxable income.

by Faisal Shahnawaz

Section 2 of Income Tax Ordinance, 2001 amended through Finance Act, 2021

Jul 17

Taxation

Section 2 of Income Tax Ordinance, 2001 amended through Finance Act, 2021

The Federal Board of Revenue (FBR) notified updated Section 2 of Income Tax Ordinance, 2001 amended through Finance Act, 2021.

by Mrs. Anjum Shahnawaz

Tax auditor awarded major penalty for misconduct

Jul 17

Taxation

Tax auditor awarded major penalty for misconduct

In a recent development, the Federal Board of Revenue (FBR) has awarded with a major penalty to a tax auditor, Sardar Abdul Rab Nashtar, Assistant Director (Audit) of the Inland Revenue Service (IRS).

by Faisal Shahnawaz