Karachi, August 20, 2024 – The Federal Board of Revenue (FBR) has recently outlined the income tax rates applicable to payments made to non-residents during the tax year 2024-25.
(more…)Tag: Income Tax Ordinance 2001
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FBR Updates Tax on Dividend Income for Tax Year 2024-25
KARACHI, August 20, 2024 – The Federal Board of Revenue (FBR) has announced updated tax rates on dividend income for the tax year 2024-25, as per the amendments made to the Income Tax Ordinance, 2001, updated on June 30, 2024.
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FBR Issues 2024-25 Taxable Income Calculation Guide
Karachi, August 17, 2024 – The Federal Board of Revenue (FBR) has officially released the guidelines for computing taxable income for the Tax Year (TY) 2024-25, outlining the specific methodologies and provisions to be followed by taxpayers.
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Balochistan High Court Declares Section 7E as Unconstitutional
PkRevenue.com – In a significant ruling, the Balochistan High Court has declared Section 7E of the Income Tax Ordinance 2001, which imposed a tax on immovable properties based on deemed income, as ultra vires to the Constitution.
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Key Changes to Income Tax Ordinance through New Laws 2024
The Income Tax Ordinance, 2001 has undergone significant revisions through the enactment of new Tax Laws (Amendment) Act, 2024.
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FBR Tightens Property Purchase Rules for Non-ATL Buyers
Karachi, January 26, 2024 – The Federal Board of Revenue (FBR) has implemented significant changes in the realm of property purchase, making it substantially more expensive for individuals not included in the Active Taxpayers List (ATL).
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FBR Sets Advance Tax Rates on Sales to Retailers for 2024
Karachi, January 25, 2024 – The Federal Board of Revenue (FBR) has officially released the advance tax rates on sales to retailers for the tax year 2024, as outlined in the updated Income Tax Ordinance, 2001.
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FBR Notifies Tax Rates on Sales to Distributors for 2024
Karachi, January 24, 2024 – The Federal Board of Revenue (FBR) has taken a significant step in its tax policy for the year 2024 by notifying advance tax rates on sales to distributors.
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Find Out Tax Rates for Marriage Gatherings in Pakistan for 2024
Karachi, January 23, 2024 – As the tax year 2024 kicks off, the Federal Board of Revenue (FBR) in Pakistan has unveiled the updated income tax rates applicable to functions and gatherings, specifically those organized in the context of marriage ceremonies.
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FBR Unveils Tax Rules on Insurance in Pakistan for 2024
Karachi, January 19, 2024 – The Federal Board of Revenue (FBR) in Pakistan has recently released the updated Income Tax Ordinance for the tax year 2024, shedding light on the tax rules applicable to the insurance industry.
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