FBR grants Rs2.42 billion as income tax concession to teachers, researchers

ISLAMABAD: Federal Board of Revenue (FBR) has granted tax concession to the tune of Rs2.42 billion on the income of teachers and researchers. The tax has been granted during the tax year... Read more »

FBR grants Rs30 billion as tax concession to new business entities

ISLAMABAD: Federal Board of Revenue (FBR) has granted Rs30 billion as initial allowance to new business entities during fiscal year 2019/2020. The concession of allowance has been granted under Section 23 of... Read more »

Exemptions, concessions cost Rs972.4 billion in 2018/2019

ISLAMABAD: The economy has incurred duty and tax losses to the tune of Rs972.4 billion due to exemptions and concessions during the fiscal year 2018/2019, according to Economic Survey 2018/2019 launched on... Read more »

Massive cut in tax exemptions, concessions likely in budget 2019/2020

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. Read more »

Eliminating all tax exemptions, concessions planned

KARACHI: The government considering to withdraw all types of tax exemptions and concessions during next few years. Read more »