PTBA recommends retaining alternative corporate tax or minimum tax

KARACHI: Pakistan Tax Bar Association (PTBA) has recommended the tax authorities to retain either Alternative Corporate Tax (ACT) or minimum tax, as existence of both regimes is inappropriate. Read more »

Income Tax Ordinance 2001: minimum tax on income of certain taxpayers

KARACHI: Federal Board of Revenue (FBR) has said that the minimum tax shall apply to income of certain taxpayers including individuals and corporate entities. Read more »

Salary tax slab of above Rs800,000 to pay Rs2,000 as minimum tax

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... Read more »