Tax
FBR issues office timings during Ramazan
KARACHI: Federal Board of Revenue (FBR) on Friday issued office timings to be observed during the holy month of Ramazan. The FBR said that as per fed…
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Tax
Minimum penalty of Rs10,000 fixed for defaulting withholding statement
KARACHI: A minimum penalty of Rs10,000 has been fixed for defaulting withholding statement where no tax is required to be deposited. Official at the …
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Tax
100pc tax credit allowed with mandatory return filing
KARACHI: The tax exemption regime transposed into tax credit regime and certain businesses have been allowed 100 percent tax credit with mandatory re…
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Tax
Date extended up to June 30 for updating tax profile
ISLAMABAD: Federal Board of Revenue (FBR) on Friday extended the last date for updating taxpayer profile up to June 30, 2021. The FBR issued Circular…
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Tax
Tax Laws (Second Amendment) Ordinance, 2021 likely today
ISLAMABAD: The government to withdraw a large number of tax exemptions through an ordinance on Thursday after the approval of President of Pakistan. …
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Minimum penalty Rs10,000 for failure in updating taxpayer profile
Minimum penalty Rs10,000 for failure in updating taxpayer profile ISLAMABAD: A minimum penalty of Rs10,000 has been prescribed for one day after de…
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KTBA to discuss tax profile update problems with FBR chairman
KARACHI: Karachi Tax Bar Association (KTBA) to take up problems faced by taxpayers at a meeting with the chairman of the Federal Board of Revenue (FB…
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