Pkrevenue.com

Pakistan Revenue

Tag: super tax

Super tax made permanent for banks
Feb 15
Taxation

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) Ordinance, 2021 has been promulgated on February 12, 2021 after approval by the President of Pakistan. As per the ordinance the levy of super tax […]

by
Read More
TAX YEAR 2021: rate of super tax
Oct 16
Taxation

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 Tax Ordinance, 2001 after incorporating amendment brought through Finance Act, 2020. The FBR issued the following updated rate of super tax: Provided that in case […]

by
Read More
FBR estimates additional revenue of Rs2 billion through changes in super tax
Jun 13
2019-2020, Budget, Exclusive, Taxation

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 of Income Tax Ordinance, 2001 through Finance Bill 2019. The FBR in explanation to the Finance Bill said that presently brought forward depreciation and business […]

by
Read More
Super tax application may be amended to generate around Rs2 billion
Jun 5
2019-2020, Budget, Exclusive, Taxation

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 had recommended amendments to Section 4B of Income Tax Ordinance, 2001 through Finance Bill, 2019. The sources said that it had been recommended to apply […]

by
Read More