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Report: FBR taking a dig in to Muhammad Hafeez hidden assets News

Report: FBR taking a dig in to Muhammad Hafeez hidden assets

So the Pakistan Cricket Team’s former skipper Mohammad Hafeez has found himself part of an investigation in regards with things…
SENATE COMMITTEE PLAN TO ALLOW ONE DUTY-FREE PHONE COSTING THE NATION BILLIONS News

SENATE COMMITTEE PLAN TO ALLOW ONE DUTY-FREE PHONE COSTING THE NATION BILLIONS

Senate IT committee is considering a proposal of allowing one duty-free mobile phone under the baggage rule. Initially, this rule…
Bank deposits in Pakistan decrease by Rs. 710 billion in July News

Bank deposits in Pakistan decrease by Rs. 710 billion in July

So the banking industry of Pakistan has seen a major downfall of deposits in the sum of Rs. 710 billion…
Featured

Finally FBR submitted the report to Supreme Court regarding taxes on mobile phone balance

Finally, FBR submitted the report to Supreme Court regarding taxes on mobile phone balance. All Pakistanis are still waiting for…
Another big slap by FBR, Imposed the Regulatory Duty on Conusmer Items Business

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…
Then the taxpayer or their agent will pay the tax by debiting the bank account for onward credit to the respective govt account in SBP BSC. ICT

Tax payments will be made through ATM by 31st December 2017

A fully automated and online process has been signed for the payment of FBR taxes. The State Bank of Pakistan…
FBR imposes 0.5% Tax on E-Commerce industry Business

FBR imposes 0.5% Tax on E-Commerce industry

The Federal Bureau of Revenue (FBR) has imposed 0.5% tax on all online companies who are earning through online trading.Now…
The FBR, in addition to this, got valuable input from the Interior Ministry to make decisions on the different brackets of taxes given Featured

FBR: Social media posts will be charged by 20% now

In an unprecedented move for increasing of revenue,  the Federal Board of Revenue (FBR) has reportedly decided to put a…
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 Business

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…
FBR is going to suggest legislation exempt mobile phone subscribers (who do not fall below the tax net) from the disbursement of withholding tax ICT

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…