Pakistan Revenue
ISLAMABAD: The government has announced increase up to 10 percent in salary and pension in the federal budget 2019/2020. Hammad Azhar, State Minister for Revenue presented Budget 2019/2020 on Tuesday and announced following relief measures for government employees and pensioners. Ad-hoc Relief Allowance at 10 percent on running Basic Pay of BPS 2017 to civil […]
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ISLAMABAD: Following is the glance of budget 2019/2020.
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ISLAMABAD: The present government on Tuesday presented its first budget with total outlay of Rs 7,022 billion for the fiscal year 2019-2020, registering growth of 30 percent against the revised budget of Rs 5.385 trillion for current fiscal year (2018-2019). State Minister for Revenues Hammad Azhar presented the budget in the National Assembly, amid protest […]
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ISLAMABAD: Federal Board of Revenue (FBR) has chalked out a comprehensive plan to broaden the tax base by enforcing tax returns in the case of all National Tax Number (NTN) holders. According to Economic Survey 2018/2019 released on Monday said that the FBR would take following measures to broaden the tax base: — Creation of […]
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ISLAMABAD: The Central Directorate of National Savings (CDNS) to issue scripless registered prize bonds amongst all denominations with objective to document the economy. Economic Survey 2018/2019 released by the finance ministry of Monday, said that in collaboration with SBP, National Savings is in the process of introduction of registered scripless prize bonds amongst all denominations. […]
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ISLAMABAD: The government has decided to allocate record amount for agriculture growth in fiscal year 2019/2020, sources said on Monday. The sources said that the government may allocate around Rs10 billion to National Food Security and Research for 24 new development projects. While an amount of Rs1.39 billion likely to be allocated for the ongoing […]
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KARACHI: Pakistan Tax Bar Association (PTBA) has urged the Sindh government to withdraw the restriction on claiming input tax by services rendered by a taxpayer. The apex tax bar in its proposals for Sindh budget 2019/2020, said that no input tax is allowed to be claimed on goods or services acquired prior to six months […]
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ISLAMABAD: The ministry of finance has finalized proposals for budget 2019/2020 and will get approval from the Cabinet before presenting in the Parliament on June 11, 2019. Prime Minister Imran Khan will chair the cabinet meeting on Monday in which the budget with record deficit will be approved. The sources said that the cabinet would […]
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ISLAMABAD: A sharp increase in withholding tax rate (may be up to 30 percent) on profit on banking deposits has been planned for non-filers in order to make it almost impossible to stay remain unregistered, sources said. Sources told PkRevenue.com that Federal Board of Revenue (FBR) a large sum of banking system deposits were remained […]
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ISLAMABAD: The government has planned to a massive cut tax in exemptions and concessions in the budget 2019/2020, which is scheduled to be announced on June 11, 2019. Sources told PkRevenue.com that the government had committed with the World Bank and other international agencies to withdraw large size exemptions given to various sectors and individuals […]
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