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Tag: tax credit

Pakistan Tax Bar

FBR advised to restore tax credit to sales tax registered persons

May 23, 2019March 31, 2021Faisal Shahnawaz

KARACHI: Federal Board of Revenue (FBR) has been proposed to restore tax credit to sales tax registered persons for documentation of the economy. In its tax proposals for budget 2019/2020, the Pakistan Tax Bar Association (PTBA) said that the provisions of this section were applicable in case of sales made to the sales tax registered […]

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FBR Blue

Tax credit for investment in shares, insurance

February 11, 2019December 6, 2023Faisal Shahnawaz

KARACHI: The tax authorities have allowed tax credit for an individual against investment made in shares and insurance.

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textile manufacturing

Value added sector seeks tax credit on equity investment for individuals, AOPs

January 12, 2019February 15, 2024Mrs. Anjum Shahnawaz

KARACHI: The value added sector, represented by the Pakistan Hosiery Manufacturers and Exporters Association (PHMA), has reached out to Finance Minister Asad Umar, urging the government to grant tax credit for equity investment to business individuals and Associations of Persons (AOPs).

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