ISLAMABAD: The Federal Board of Revenue (FBR) has issued new list of active taxpayers on the basis income tax returns filed for tax year 2021. According to the new active taxpayers list (ATL), about 2.88 million taxpayers have been placed in the list. About 0.7 million active taxpayers are more in the latest ATL as […]
The Federal Board of Revenue (FBR) has issued updated rates of advance tax on passenger and goods transport vehicles. The tax rates have been updated after amending Income Tax Ordinance, 2001 through Finance Act, 2021. The FBR collects advance tax under Section 234 of the Income Tax Ordinance, 2001. Under this section any person at […]
Federal Board of Revenue (FBR) has issued updated rates of withholding income tax on petroleum products after incorporating amendments made through Finance Act, 2021. The FBR collects withholding tax on sale of petroleum products under Section 156A of the Income Tax Ordinance, 2001. WITHHOLDING TAX CARD 2021-2022 The tax rate at 12 per cent shall […]
Federal Board of Revenue (FBR) has issued updated rates of withholding income tax on winning of prize bonds during fiscal year 2021-2022. The withholding tax rates have been updated after incorporating changes made through Finance Act, 2021. WITHHOLDING TAX CARD 2021-2022 The FBR collects withholding tax under Section 156 of the Income Tax Ordinance, 2001. […]
The Federal Board of Revenue (FBR) has issued updated rate of withholding income tax on exports of goods and services for fiscal year 2021-2022. The FBR collects withholding tax on exports under Section 154 of the Income Tax Ordinance, 2001. The revenue body issued the updated withholding tax after incorporating amendments made to Income Tax […]
Federal Board of Revenue (FBR) has issued withholding tax rates on retailers at the time of sales by manufacturers during fiscal year 2021-2022. The FBR updated the withholding tax rates after incorporating amendments brought through Finance Act, 2021 effective from July 01, 2021. WITHHOLDING TAX CARD 2021-2022 The revenue body collects withholding income tax under […]
KARACHI: National Clearing Company of Pakistan (NCCPL) on Thursday shared updated capital gain tax (CGT) rates that are applicable from July 01, 2021. The NCCPL in a notice to all market participants informed about the amendments in CGT system brought through Finance Act, 2021. The applicable capital gain tax rates for the year 2021-2022 as […]
The Federal Board of Revenue (FBR) has issued updated rates of withholding tax on sale and purchase of immovable properties. The FBR collects withholding income tax under Section 236C and 236K of Income Tax Ordinance, 2001. WITHHOLDING TAX CARD 2021-2022 Tax rates under Section 236C of Income Tax Ordinance, 2001: The withholding tax shall be […]
Federal Board of Revenue (FBR) has issued rates of advance tax on registration or transfer of motor cars. The provincial motor vehicle authorities deduct advance tax under Section 231B of Income Tax Ordinance, 2001 from persons getting new locally manufactured motor vehicle transferred in their name. The provincial authorities collect the advance tax at the […]
Federal Board of Revenue (FBR) has updated rates of withholding tax on interest income for the year 2021-2022. WITHHOLDING TAX CARD 2021/2022 Under Section 151 of Income Tax Ordinance, 2001, every person payment profit/yield has to deduct tax from the gross amount of yield / profit from every person making payment of profit/yield from recipient […]