Karachi, August 26, 2024 – The Federal Board of Revenue (FBR) has issued a detailed explanation regarding the taxable salary income for the tax year 2024-25, according to the Income Tax Ordinance, 2001, updated until June 30, 2024.
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Computation of Taxable Income in Pakistan for TY 2024-25
Karachi, August 25, 2024 – The Federal Board of Revenue (FBR) has provided a detailed explanation regarding the computation of taxable income in Pakistan for the tax year 2024-25.
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FBR Explains Section 7F for Tax on Builders and Developers
Karachi, August 24, 2024 – Federal Board of Revenue (FBR) has explained Section 7F of Income Tax Ordinance, 2001 regarding tax on builders and developers.
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FBR Unveils Deemed Income Tax Rates for TY 2024-25
Karachi, August 23, 2024 – The Federal Board of Revenue (FBR) has announced the deemed income tax rates for the tax year 2024-25, a move that is expected to impact various resident taxpayers across Pakistan. The new rates, which have been outlined in the Income Tax Ordinance, 2001, updated as of June 30, 2024, come into effect under Section 7E of the Ordinance.
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FBR Sets Income Tax Rates for Foreign Shipping Operators
Karachi, August 22, 2024 – The Federal Board of Revenue (FBR) has officially set the income tax rates applicable to shipping and air transport services operated by non-resident entities.
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FBR Clarifies Tax on Non-Resident Payments for TY 2024-25
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.
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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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