ISLAMABAD: The tax authorities are facing challenging revenue collection after imposing curbs on non-filers in the budget 2018/2019. The government is considering to roll back some of the conditions imposed on non-filers, especially on the purchase of motor vehicles, for enhancing revenue collection. The government imposed the restriction on non-filers of income tax returns through […]
ISLAMABAD: Federal Board of Revenue (FBR) has said that salary individuals having taxable income above Rs800,000 to Rs12,000 shall pay Rs2,000 as minimum tax for Tax Year 2019. According to latest withholding tax card for Tax Year 2019, the FBR said that where the taxable income exceeds Rs800,000 the minimum tax payable shall be Rs2,000. […]
ISLAMABAD: The recently imposed regulatory duties on luxury and non-essential items have brought down imports by 23 percent in December 2018. A statement on Thursday said that the decline in imports had been visible in December 2018 under RD regime (effective on 1994 tariff lines). After this regime the imports declined from $896 million in […]