Pakistan Customs, Tax, Shipping & Business News Resource
KARACHI: Karachi Tax Bar Association (KTBA) has protested the estimation of advance tax liability by tax officers and notices for such recovery. Syed Rehan Hasan Jafri, President KTBA in a…
KARACHI: The Federal Board of Revenue (FBR) has notified that builders and developers would pay advance tax at the rate of 5.0 percent of the tax liability at the time…
KARACHI: The Federal Board of Revenue (FBR) on Friday imposed 5 percent advance tax on different functions including weddings, seminars, workshops, exhibitions, concerts, parties or any other gathering at a…
KARACHI: The federal finance ministry has again imposed 4 per cent super tax on banks tax income and rejected all proposals of the Pakistan Banks Association (PBA). In a letter…
KARACHI: The Federal Board of Revenue (FBR) has notified special exemption allowed to growers of agricultural produce. Representatives of flour mills and trade bodies have raised the issue of income…
KARACHI: LPG Distributors Association in their budget proposals has recommended withdrawing general sales tax (GST) and advance tax on LPG imports. Chairman LPG Distributors Association Irfan Khokhar said government should…
KARACHI: The Federal Board of Revenue (FBR) has notified revised rates of withholding tax for Section 231B of the Income Tax Ordinance, 2001 effective July 01, 2015. Advance tax on…