KARACHI: The government considering to withdraw all types of tax exemptions and concessions during next few years.
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Income Tax Ordinance 2001: Due date for payment of tax
KARACHI: Federal Board of Revenue (FBR) has explained the due date for payment of tax under Section 137 of Income Tax Ordinance, 2001.
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Repatriation of profit, dividend by foreign companies in Pakistan surges by 58 percent
The State Bank of Pakistan (SBP) has reported a substantial increase of 58 percent in the repatriation of profits and dividends by foreign companies operating in Pakistan during the first half of the current fiscal year.
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First meeting of reconstituted 9th NFC to be held on February 06
The eagerly anticipated first meeting of the reconstituted Ninth National Finance Commission (NFC) is scheduled to take place today, with discussions focusing on the current fiscal position of the country.
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FBR notifies promotion of 41 IRS officers to BS-20 and BS-21
ISLAMABAD: Federal Board of Revenue (FBR) on Monday notified promotion of 41 officers of Inland Revenue Service (IRS) to BS-20 and BS-21.
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Bill to further empower FBR to tighten noose around undisclosed offshore assets
ISLAMABAD – The Federal Board of Revenue (FBR) has announced a significant move to enhance its authority in dealing with undisclosed offshore assets, as outlined in the proposals of the Finance Supplementary (Second Amendment) Bill, 2019.
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FBR asks business community to suggests measures to stop tax fraud
The Federal Board of Revenue (FBR) has reached out to the business community, urging them to propose measures aimed at eliminating tax evasion, counterfeit invoices, and plugging existing loopholes in the tax system.
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Income tax returns, sales tax procedure to be simplified: Asad Umar
KARACHI: Finance Minister Asad Umar has expressed his resolve to simplify income tax return forms and sales tax procedure to facilitate business community.
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