ISLAMABAD: Federal Board of Revenue (FBR) has issued draft rules for business license scheme, which will be mandatory for every person engaged in any business, profession or vocation. Under Section 181D of Income Tax Ordinance, 2001, which is the new section introduced through Finance Act, 2019. The following are the draft rules for business license […]

ISLAMABAD: Federal Board of Revenue (FBR) on Thursday issued draft rules for obtaining license which is mandatory for any business, profession or vocation to display. According to draft amendment, the FBR proposed new rules, after Chapter XIII, the following new Chapter to Income Tax Rules, 2002 shall be inserted, namely:— “Chapter XIIIA Obtaining and Issuance […]