Exporters given option to opt out of final tax regime
KARACHI: The Federal Board of Revenue (FBR) has provided the exporters with an option from tax year 2015 and onwards to opt out of the final tax regime and file…
Dar assures to take up audit notices to taxpayers of final tax regime
KARACHI: Federal Minister for Finance and Economic Affairs, Senator Muhammad Ishaq Dar has assured a delegation of the Karachi Chamber of Commerce and Industry (KCCI) that the issue of audit…
Income tax return to be treated invalid without CNIC / NTN number
KARACHI: Federal Board of Revenue (FBR) has said that income tax return filed for tax year 2014 would be treated as invalid or incorrect in case National Tax Number (NTN)…
FTO refuses to intervene minimum tax/FTR case having conflicting judgments of ATIR
KARACHI: The Federal Tax Ombudsman (FTO) has observed that in the presence of two conflicting judgments on the case of final tax regime and minimum tax regime by appellate tribunal…