FBR prescribes monetary penalty for violating integration under income tax law
Federal Board of Revenue (FBR) has prescribed monetary penalty for violating integration under Income Tax Ordinance, 2001.
Federal Board of Revenue (FBR) has prescribed monetary penalty for violating integration under Income Tax Ordinance, 2001.
The Pakistan Business Council (PBC) has raised concerns over the Federal Board of Revenue’s (FBR) SRO 229(I)/ 2023, which requires companies and foreign investors to maintain records of beneficial owners, despite the comprehensive documentation already mandated by the Securities and Exchange Commission of Pakistan (SECP).
The speakers at the workshop emphasized the benefits of imposing additional taxes on items that have serious health consequences, particularly sugary drinks.
The Collectorate of Customs Appraisement (West) in Karachi has disclosed plans for a substantial auction of old and used motor vehicles scheduled for April 01, 2023, at the AICT Maripur Road in Karachi.
ISLAMABAD: The Chairman of the Federal Board of Revenue (FBR), Asim Ahmad has said that the taxation structure on cigarettes is still the lowest in the region and does not meet the World Health Organization (WHO) criteria.
ISLAMABAD: The Federal Tax Ombudsman (FTO) has raised serious concerns over the Federal Board of Revenue’s (FBR) handling of taxpayer complaints, citing a lack of empathy and cooperation in addressing the hardships faced by taxpayers.
Federal Board of Revenue (FBR) Wednesday issued final warning to BS-18 customs officers to submit their asset declarations and performance evaluation reports (PERs).
To facilitate tax collection, banks in Pakistan have been instructed to observe extended banking hours on March 30 and 31, 2023.
Pakistan’s capital market has recommended tax exemption on income derived from foreign investments.
Pakistan Stock Exchange (PSX) in its proposals for budget 2023-2024 suggested to align rates of capital gains tax on disposal of listed securities with the rates of CGT on sale of immovable property.