In a significant update for the upcoming fiscal year, the Finance Bill 2024 has unveiled revised tax brackets and rates, impacting both salaried individuals and business entities across the country.
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Incomplete Tax Return to Attract Fine and Imprisonment: FBR
The Federal Board of Revenue (FBR) has announced that filing an incomplete income tax return could lead to severe penalties, including a fine and up to one year of imprisonment.
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Finance Bill 2024 Redefines Sales Tax Fraud
The federal government, on Wednesday, unveiled the budget for 2024-25, presenting a comprehensive redefinition of sales tax fraud through the Finance Bill, 2024.
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New Tax Slabs for Business Individuals: Finance Bill 2024
Islamabad, June 12, 2024 – The government on Wednesday presented the budget for the fiscal year 2024-25, which includes revised tax slabs for business individuals and Associations of Persons (AOPs).
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New Salary Tax Slabs Unveiled through Finance Bill 2024
Islamabad, June 12, 2024 – The Finance Bill, 2024 has unveiled new salary income tax slabs for the fiscal year 2024-25, signaling significant changes in the taxation structure for salaried individuals.
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FBR Unveils Heavy Penalties for CMOs for Denying SIM Blocking
Islamabad, June 12, 2024 – The Federal Board of Revenue (FBR) has announced stringent penalties on Cellular Mobile Operators (CMOs) for refusing to block SIM cards of non-filers, as part of the newly introduced amendments in the Finance Bill, 2024.
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FBR Introduces New CGT Rates on Sale of Securities in FY25
PkRevenue.com – The Federal Board of Revenue (FBR) has announced revised capital gains tax (CGT) rates on the sale of securities, set to take effect from July 1, 2024.
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Pakistan Slaps Heavy Tax on Transactions of Immovable Properties
Islamabad, June 12, 2024 – Pakistan government, through the Finance Bill 2024, has introduced significant income tax changes on transactions involving immovable properties.
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FBR Introduces New Tax Rates for Late Filers
Islamabad, June 12, 2024 – The Federal Board of Revenue (FBR) has announced new tax rates for late income tax return filers as part of the Finance Bill 2024.
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Income Tax Rates for Salaried and Business Persons Enhanced
Islamabad, June 12, 2024 –Pakistan has increased tax rates for both salaried and business individuals in the newly presented budget for the fiscal year 2024-25.
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