Tag: super tax
Section 4B of Income Tax Ordinance, 2001: super tax
ISLAMABAD: The Section 4B of the Income Tax Ordinance, 2001 deals with super tax for rehabilitation of temporarily displaced persons. The Federal Board of Revenue (FBR) issued the updated Income […]
Super tax permanently imposed on banking companies
ISLAMABAD: The levy of super tax has been permanently imposed on banking companies as it was expiring in the tax year 2021. Sources in the Federal Board of Revenue (FBR) […]
Super tax made permanent for banks
ISLAMABAD: The levy of super tax has been made permanent for banking companies beyond Tax Year 2021, sources in Federal Board of Revenue (FBR) said on Monday. Tax Laws (Amendment) […]
TAX YEAR 2021: rate of super tax
ISLAMABAD: Federal Board of Revenue (FBR) has updated rate of super tax to be applicable for tax year 2021 (July 01, 2020 – June 30, 2021). The FBR issued Income […]
FBR estimates additional revenue of Rs2 billion through changes in super tax
ISLAMABAD: Federal Board of Revenue (FBR) has estimated additional revenue of Rs2 billion through proposed changes in law related to super tax. The changes have been introduced to Section 4B […]
Super tax application may be amended to generate around Rs2 billion
KARACHI: Federal Board of Revenue (FBR) may recommend amending application of super tax in the forthcoming budget 2019/2020 to generate around Rs2 billion. FBR sources said that the tax authorities […]
Super tax rate enhanced for banks; non-banks to be exempted from tax year 2020
KARACHI: The government has enhanced rate of super tax for banking companies to 4 percent till the tax year 2021. The banks shall also pay 4 percent super tax for […]
Reform Package 2019: Withholding tax on cash withdrawal for filers abolished; super tax withdrawn; non-filers allowed purchase of motor vehicles
ISLAMABAD: Finance Minister Asad Umar on Wednesday presented economic reform package for promoting investment and exports. Speaking on floor of the house, the finance minister announced major incentives including withdrawal […]