ISLAMABAD – The Ministry of Commerce has issued a corrigendum to SRO 711(I)/2018 dated June 08, 2018, expanding the scope of non-textile drawback of duty and taxes.
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Pakistan Revenue delivers the latest taxation news, covering income tax, sales tax, and customs duty. Stay updated with insights on tax policies, regulations, and financial developments in Pakistan.
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Income Tax Ordinance 2001: Recovery from persons holding money of taxpayer
KARACHI- The Federal Board of Revenue (FBR) in Pakistan has been granted enhanced powers under the recently updated Income Tax Ordinance, 2001, enabling it to recover taxes directly from individuals or entities holding money on behalf of a taxpayer.
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FBR recovers over Rs5.4 billion from 0.2 million tax dodgers
ISLAMABAD: Federal Board of Revenue (FBR) has recovered over Rs5.4 billion from 0.2 million tax dodgers, said a report.
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FBR issues new valuation table for 28 areas in Rawalpindi
ISLAMABAD – The Federal Board of Revenue (FBR) has introduced a fresh valuation table for immovable properties in Rawalpindi, aiming to determine income tax liabilities associated with property transactions.
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Simple return form to be introduced; to be filed through mobile phones: Hammad Azhar
KARACHI – The government has announced plans to introduce a user-friendly income tax return form that can be conveniently filed through mobile phones in just a few minutes.
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Pakistan Customs warns tea importers of legal action on non-compliance
KARACHI: Pakistan Customs has warned tea importers of legal proceedings in case they fail to provide certificate of Pakistan Tea Association at the time of clearance, sources said on Saturday.
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Immovable Properties: FBR issues new valuation table for 339 areas in Peshawar
ISLAMABAD – In a move aimed at enhancing transparency and accuracy in the determination of income tax related to the sale and purchase of immovable properties, the Federal Board of Revenue (FBR) has issued a new valuation table for 339 areas in Peshawar.
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FBR enhances immovable property valuations for Islamabad
The Federal Board of Revenue (FBR) has announced an upward revision in the valuation of immovable properties in Islamabad for the determination of income tax on sale and purchase transactions.
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FBR enhances valuation of immovable properties in Lahore city
The Federal Board of Revenue (FBR) has implemented a 20% upward revision in the valuation of immovable properties in various areas of Lahore.
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FBR increases valuation by 20pc for Karachi immovable properties
The Federal Board of Revenue (FBR) has revised the valuation of immovable properties in Karachi, announcing an increase of around 20 percent.
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