TAX YEAR 2021: Rates of advance tax on imports

ISLAMABAD: Federal Board of Revenue (FBR) has updated rate of advance tax on imports for tax year 2021 (July 01, 2020 to June 30, 2021). The FBR issued Income Tax Ordinance, 2001... Read more »

Reduced rates of electricity, gas: ECC approves procedure for registration

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Monday approved the procedure of registration for availing reduced rate of electricity, RLNG and gas by manufacturers and industries. Adviser to the... Read more »

Import of mobile phones allowed Rs23.15 billion as tax concession

ISLAMABAD: Federal Board of Revenue (FBR) issued details of sales tax concessions to the tune of Rs23.15 billion granted on import mobile phones. The FBR issued the cost of allowing reduced rate... Read more »

FBR grants tax relief of Rs24.14 billion on sugar sales

ISLAMABAD: Federal Board of Revenue (FBR) has granted concession of Rs24.14 billion as sale tax on domestic supply of sugar. According to official documents, the FBR granted concession of Rs24.41 billion on... Read more »

FBR to get land ownership data

ISLAMABAD: Federal Board of Revenue (FBR) has signed agreement with Punjab province to get land ownership data for broadening the tax base. In line with the vision of the Prime Minister to... Read more »

TAX YEAR 2021: minimum tax rates

ISLAMABAD: Federal Board of Revenue (FBR) has updated rates of minimum tax to be applicable during tax year 2021 (July 01, 2020 – June 30, 2021). The FBR issued Income Tax Ordinance,... Read more »

TAX YEAR 2021: rate of CGT on immovable property

ISLAMABAD: Federal Board of Revenue (FBR) has updated rates of tax on capital gain on disposal of immovable properties that are applicable during tax year 2021 (July 01, 2020 – June 30,... Read more »

TAX YEAR 2021: tax rates on income from property

ISLAMABAD: Federal Board of Revenue (FBR) has updated rates of tax on income from property to be applicable during tax year 2021 (July 01, 2020 to June 30, 2021). The FBR issued... Read more »

Video surveillance solution to monitoring without human intervention: FBR

KARACHI: Dr. Muhammad Ashfaq, Member Inland Revneue (Operations), Federal Board of Revenue (FBR) on Saturday said video surveillance is solution for monitoring of production without human intervention. He was addressing the members... Read more »

TAX YEAR 2021: tax rate for profit on debt

KARACHI: Federal Board of Revenue (FBR) has updated tax rate for profit on debt to be applicable during tax year 2021 (July 01, 2020 – June 30, 2021). The FBR issued Income... Read more »