Tax collection from banks grow 200% : Report

A new report has shown us that the withholding tax collection from the profit on bank deposits has seen a massive increase by an astonishing 204% to Rs. 21.6 billion…

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Another big slap by FBR, Imposed the Regulatory Duty on Conusmer Items

The Government of Pakistan through their Notification dated 16th October 2017 has imposed Regulatory Duty vide SRO 1035 (I)/2017 on many items. Pakistan Electronics Manufacturer’s Association (PEMA) represents the interests…

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FBR’s new proposal, a contradiction of TRC’s guidelines to lower the tax rates

A contradiction of guidelines to lower the current tax rates by 50 %,  provided by the Tax Reforms Commission  (TRC ) has been found in the proposal issued by Federal…

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Telcos to exempt users from withholding tax – FBR states

In the upcoming budget for 2017-18, Federal Board of Revenue (FBR) is going to suggest legislation exempt mobile phone subscribers (who do not fall below the tax net) from the…

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Property Buyers And Sellers To Suffer Huge Taxes!

Property Buyers And Sellers To Suffer Huge Taxes! The Federal Board of Revenue (FBR) has said that Finance Act 2016 will need a builder, land developer, house owner or property…

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