Government continues super tax for another year
KARACHI: The government has decided to continue the super tax levied for another year, it was imposed in 2015-16 for the purpose of rehabilitating temporary displaced persons (TDP) affected by…
FED on services withdrawn
KARACHI: The much awaited withdrawal of the federal excise duty (FED) on services, which are now subject to provincial sales tax, has been proposed in the Finance Bill 2016. In…
Super tax extended for another year
KARACHI: Federal government, through the Finance Bill 2016, has extended Super tax as applicable for tax year 2015 to tax year 2016 also. Through Finance Act, 2015, Super tax was…
Government to give FBR civil court powers under ‘Benami Transaction Act 2016’
KARACHI: The Federal Board of Revenue (FBR) shall, for the purpose of ‘Benami Transaction (Prohibition) Act’, 2016 have the same powers as are vested in a civil court under the…