The Federal Board of Revenue (FBR) has taken a significant step towards enhancing tax transparency by releasing income tax return forms for Association of Persons (AOPs) for the tax year 2022.
ISLAMABAD: Finance Bill, 2022 has proposed to revise tax rates for business individuals and Association of Persons (AOPs) during Tax year 2023. The government presented its federal budget 2022/2023 and introduced various changes to taxation laws to ensure documentation and plug revenue leakages. READ MORE: Pakistan reintroduces advance tax on foreign payments Through Finance Bill, […]
ISLAMABAD: The government has decided to retain the tax rates for individuals and Association of Persons (AOPs) for the year 2021-2022, sources in Federal Board of Revenue (FBR) said. Since there is no change proposed through the Finance Bill, 2021 the rates applicable in Tax Year 2021 shall remain applicable in Tax Year 2022. Rates […]
KARACHI: Any tax payable by an Association of Persons (AOP) was not recovered in such case every person of the AOP shall be jointly and severally responsible for payment of the tax due. Officials of Federal Board of Revenue (FBR) said that through Finance Act, 2019 the amendment made to Section 139 of Income Tax […]