gifts Archives - Pkrevenue.com

Gift parcels above $5000 not allowed for export

October 6, 2020October 6, 2020Mrs. Anjum Shahnawaz

ISLAMABAD: The ministry of commerce has recently issued Export Policy Order 2020 under which export of gift parcels of a value exceeding five thousand US dollars are not allowed. The ministry issued SRO 901(I)/2020 dated September 25, 2020 and explained export of goods allowed under the policy. Export of goods (1) Export of all goods […]

Cash gifts received without banking channel chargeable to tax

November 29, 2019March 18, 2021Mrs. Anjum Shahnawaz

ISLAMABAD: Any cash gift received by a person other than banking channel will be treated as chargeable to tax, sources in Federal Board of Revenue (FBR) said on Thursday. The sources said that in the past people were taking advantage of incentives granted on gifts and concealed their income to evade taxes. However, the change […]

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Gift parcels above $5000 not allowed for export

Cash gifts received without banking channel chargeable to tax

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