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Tag: Tax Year 2021

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Rate of income tax on brokerage, commission

October 26, 2020October 26, 2020Mrs. Anjum Shahnawaz

ISLAMABAD: Federal Board of Revenue (FBR) has updated rate of income tax on brokerage and commission to be applicable for tax year 2021 (July 01, 2020 to June 30, 2021). The FBR issued Income Tax Ordinance, 2001 (updated up to June 30, 2020) after incorporating amendments brought through Finance Act, 2020. The FBR updated rate […]

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Income tax rates on prize winnings

October 25, 2020October 26, 2020Mrs. Anjum Shahnawaz

ISLAMABAD: Federal Board of Revenue (FBR) has updated rate of income tax on winning of prize bonds and lottery during tax year 2021 (July 01, 2020 to June 30, 2021). The FBR issued Income Tax Ordinance, 2001 (updated up to June 30, 2020) after incorporating amendments brought through Finance Act, 2020. The FBR updated following […]

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Rate of income tax on export proceeds

October 25, 2020February 6, 2025Mrs. Anjum Shahnawaz

Islamabad, February 7, 2025 – The Federal Board of Revenue (FBR) has updated the income tax rates applicable to export proceeds for the tax year 2021, covering the period from July 1, 2020, to June 30, 2021.

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Rate of tax on payments for goods, services

October 24, 2020October 24, 2020Mrs. Anjum Shahnawaz

ISLAMABAD: Federal Board of Revenue (FBR) has updated rate of income tax on payments for goods or services during tax year 2021 (July 01, 2020 to June 30, 2021). The FBR issued income Tax Ordinance, 2001 (updated up to June 30, 2020) after incorporating amendments brought through Finance Act, 2020. The FBR updated rate of […]

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Tax rates on payments to non-residents on services, contract execution

October 23, 2020December 28, 2023Mrs. Anjum Shahnawaz

ISLAMABAD: Federal Board of Revenue (FBR) has updated tax rates on payments to non-residents as fee for technical services or execution of contracts during tax year 2021 (July 01, 2020 to June 30, 2021).

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TAX YEAR 2021: tax rate on Sukuks

October 23, 2020October 23, 2020Mrs. Anjum Shahnawaz

ISLAMABAD: Federal Board of Revenue (FBR) has updated tax rate on return on investment in Sukuks for the tax year (July 01, 2020 to June 30, 2021). The FBR issued Income Tax Ordinance, 2001 (updated till June 30, 2020) after incorporating amendments brought through Finance Act, 2020. The FBR updated the rate of tax on […]

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TAX YEAR 2021: tax rate on profit on bank deposits

October 21, 2020October 21, 2020Mrs. Anjum Shahnawaz

KARACHI: Federal Board of Revenue (FBR) has updated rate of tax on profit on debt applicable during tax year 2021 (July 01, 2020 to June 30, 2021). The FBR issued Income Tax Ordinance, 2001 (updated June 30, 2020) after incorporating amendments introduced through Finance Act, 2020. The FBR updated the rate of tax to be […]

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TAX YEAR 2021: rate of advance tax on dividends

October 21, 2020October 21, 2020Mrs. Anjum Shahnawaz

ISLAMABAD: Federal Board of Revenue (FBR) has updated rate of advance tax on dividends for tax year 2021 (July 01, 2020 to June 30, 2021). The FBR issued Income Tax Ordinance, 2001 (updated up to June 30, 2020) after incorporating amendment brought through Finance Act, 2020. The FBR updated the rate of tax to be […]

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TAX YEAR 2021: Rates of advance tax on imports

October 19, 2020October 19, 2020Mrs. Anjum Shahnawaz

ISLAMABAD: Federal Board of Revenue (FBR) has updated rate of advance tax on imports for tax year 2021 (July 01, 2020 to June 30, 2021). The FBR issued Income Tax Ordinance, 2001 (updated June 30, 2020) after incorporating amendments brought through Finance Act, 2020. The FBR updated following rate of advance tax on import of […]

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TAX YEAR 2021: minimum tax rates

October 18, 2020October 18, 2020Mrs. Anjum Shahnawaz

ISLAMABAD: Federal Board of Revenue (FBR) has updated rates of minimum tax to be applicable during tax year 2021 (July 01, 2020 – June 30, 2021). The FBR issued Income Tax Ordinance, 2001 (updated up to June 30, 2020) after incorporating amendment brought through Finance Act, 2020. The FBR updated following rates of minimum tax […]

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