Finance Supplementary (Second Amendment) Bill 2019 Archives - Page 3 of 4

Finance Supplementary Bill: Major changes introduced to income tax

January 24, 2019November 11, 2023Mrs. Anjum Shahnawaz

Finance Supplementary Bill: Major changes introduced to income tax have been announced by the Federal Board of Revenue (FBR).

Finance Supplementary Bill: FBR issues salient features of sales tax and federal excise duty

January 24, 2019November 11, 2023Mrs. Anjum Shahnawaz

Finance Supplementary Bill: Federal Board of Revenue (FBR) has issued salient features of sales tax and federal excise duty proposed through Finance Supplementary (Second Amendment) Bill, 2019.

Finance Supplementary Bill: FBR issues salient features of customs duty regime

January 24, 2019January 13, 2024Mrs. Anjum Shahnawaz

The FBR released crucial details on Thursday regarding the transformative changes brought to the Customs duty regime through the Finance Supplementary (Second Amendment) Bill, 2019, which was presented on January 23, 2019. These modifications are poised to impact various sectors and streamline the country’s trade policies.

Reduced income tax rate of Rs5,000 for marriage halls

January 24, 2019November 10, 2023Mrs. Anjum Shahnawaz

Reduced income tax rate of Rs5,000 for marriage halls has been announced by the government in a move aimed at providing relief to individuals.

Only non-filers to pay withholding tax on cash, non-cash banking transactions

January 24, 2019November 10, 2023Mrs. Anjum Shahnawaz

Pakistan has decided that only non-filers of income tax returns will pay withholding tax on cash and non-cash banking transactions.

New withholding tax card for imported mobile phones proposed

January 24, 2019November 10, 2023Mrs. Anjum Shahnawaz

New withholding tax card has been prompted for imported mobile phones with the aim to standardize tax obligations by importers.

Super tax rate enhanced for banks; non-banks to be exempted from tax year 2020

January 24, 2019January 13, 2024Mrs. Anjum Shahnawaz

In a move to bolster revenues and streamline the tax structure, the Pakistani government has increased the super tax rate for banking companies to 4 percent until the tax year 2021.