FBR significantly changes the taxation of capital gains on disposal of immovable property
ISLAMABAD: Federal Board of Revenue (FBR) has made significant changes in the taxation of capital gains on disposal of immovable property.Â
The changes...
Budget 2019-20: Salaried class to pay more taxes under PTI govt
Tax reliefs for salaried class introduced by the PML-N government have been withdrawn by the PTI led government in the latest budget.
FBR let’s ACD and RD on imported vehicles lapse
FBR has quietly let the duties on imported vehicles to lapse on March 31, and not renew them
As the LHC strikes down tax on property, ‘plot’ business may see resurgence Â
New law mandated that every property owner would have to pay tax equivalent to 1% of market value of property to federal govt
Steel industry demands policy change for exports
According to sources in the industry, some of the leading steel manufacturers have received queries from some Middle Eastern countries regarding imports
Army deposits Rs390 million income tax every month: Member FATE
COAS filed all tax returns a month in advance, meanwhile Topi Rakh among highest tax paying marriage halls
Controversy erupts as complaints of maladministration in property valuations rock FBR
Valuation of properties carried out in an arbitrary and discretionary manner, complainant says
FBR is contemplating applying Super Tax on progressive tax basis in 2024-25 budgetÂ
Presently the corporate sector is paying over 50pc tax to the govtÂ
FBR imposes 25% sales tax on a wide range of luxury items
The Federal Board of Revenue (FBR) recently announced a new sales tax on luxury goods in Pakistan, aimed at boosting the country's...
FBR allows unlimited refunds on customs duty for businesses
The business community can now receive unlimited refunds on customs duty through the authority given by the Federal Board of Revenue (FBR)...
FBR warns Megaplus of blacklistingÂ
Islamabad: Federal Board of Revenue (FBR) has warned Megaplus, one of the largest and oldest Dell authorized distributors in Pakistan, to blacklist...
FBR to extend EPOS to retail stores and shopping malls
The tax department has informed the International Monetary Fund (IMF) that the government will extend the EPOS to retail chain stores and shopping malls till March 2019
Military makes income tax return filing mandatory for promotions
The official stated before the decrease in income tax rates, the army solely was paying nearly Rs398 million a month in income tax on salaries translating into a Rs4.8 billion yearly contribution to the national exchequer
PTI govt contemplating to levy wealth tax on moveable assets
The measure to hike additional customs duty from 2 to 3 percent would contribute to high inflation but generate Rs40 billion in additional taxes for the government
FBR fails to achieve tax target for FY23
According to details, FBR has collected Rs 572 billion net revenue against the target of Rs 621 billion in May 2023