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Pakistan Revenue

Tag: NPO

ECC approves policy for regulation of NGOs/NPOs receiving foreign funds
Jun 16
Finance

ECC approves policy for regulation of NGOs/NPOs receiving foreign funds

ISLAMABAD: Economic Coordination Committee (ECC) of the Cabinet in its meeting held on Wednesday approved the ‘Policy for Regulation of NGOs/NPOs receiving Foreign Contributions-2021’. The NGO Policy, 2021 has been designed with the aim to fostering a sense of partnership between government and non-government sectors. Furthermore, under the new policy approval process (for registration) will […]

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NPOs require to declare donation details above Rs5,000 to avoid cancellation of approval
Jan 28
Taxation

NPOs require to declare donation details above Rs5,000 to avoid cancellation of approval

ISLAMABAD: Non-profit organizations are required to provide details of all donations above Rs5,000 in order to avoid cancellation of approval granted by Federal Board of Revenue (FBR), sources said on Wednesday. The sources said that under tax laws, an institutions, fund, trust, society or any other non-profit organization established in Pakistan for religious, educational, charitable, […]

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FBR issues list of 3,184 registered NPOs, NGOs
Jan 17
Taxation

FBR issues list of 3,184 registered NPOs, NGOs

ISLAMABAD: Federal Board of Revenue (FBR) issued a list of 3,184 Non-Profit Organizations (NPOs) and Non-Governmental Organization (NGOs) that are registered with the tax authorities. The income tax regime has been revised for NPOs and charitable organizations and tax credit shall be available to such organizations on filing of income tax returns. The FBR conducted […]

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SECP holds awareness session for NPOs on AML/CFT
Mar 30
Finance

SECP holds awareness session for NPOs on AML/CFT

ISLAMABAD: Securities and Exchange Commission of Pakistan (SECP) has conducted an awareness session on Anti-Money Laundering (AML)/Counter-Terrorism Financing (CFT) in collaboration with of Institute of Chartered Accountants of Pakistan (ICAP), a statement said on Friday. The SECP said that the awareness session was conducted AML/CFT obligations of non-profit organizations (NPOs) licensed under section 42 of […]

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