Islamabad: The International Monetary Fund (IMF) has reiterated the changes in personal income tax in Pakistan amid the economic downturn and political differences in the country. Recently, a meeting was held between the tax officials of Pakistan and the international lender where the issue was raised about the reforms in the personal income tax to… Continue reading IMF Asks Pakistan for Changes in Personal Income Tax
The Federal Board of Revenue (FBR) surpasses the revenue target set for the eight months in the current fiscal year (8MFY22). FBR collected Rs 3.79 trillion against the target which was set at Rs 3.53 trillion. The tax collection in the current fiscal year has been exceptional so far and has been surpassing all the… Continue reading FBR Surpasses The Revenue Target For Eight Months
Prime Minister, in the inauguration ceremony of the e-commerce portal, announced zero tax for registered freelancers as the country hopes to increase its Information and Technology Services export. The inauguration ceremony of the e-commerce portal was held in Islamabad on Tuesday with the motive to promote E-business and freelancers. The e-commerce portal is intended to… Continue reading PM Imran Khan Announces Zero Tax for Registered Freelancers
Islamabad: The chairman of the Federal Board of Revenue (FBR), Dr. Ashfaq Ahmed, indicated on Wednesday that the FBR seeks to collect Rupees 8 trillion of revenue by 2023 which will set Pakistan’s economy in a new direction. While talking to the journalists, Dr. Ashfaq stated that the Prime Minister, Imran Khan, has his vision… Continue reading FBR Aims to Collect 8 Trillion Rupees Revenue By 2023
On Saturday, the tax collection for the first half of the fiscal year 2021-22 (July-Dec) increased by Rs287 billion. According to numbers released by the Federal Board of Revenue (FBR) on Friday night, the provisional revenue collection data for the months of July to December of the current Financial Year 2021-22 have been announced… Continue reading Tax Collection by FBR Surpassed 32.5% in FY 2021-2022’s First Half
LAHORE: According to a top Securities and Exchange Commission of Pakistan (SECP) official, the digitalization and standardization of the company incorporation process, as well as integration with other government agencies, resulted in a 51 percent increase in new company registrations in FY 2020-21. While inaugurating a commission’s facilitation desk at the Lahore Tax Bar, Aamir Khan, chairman SECP, also briefed… Continue reading Company Registrations Increases to 51 Percent
KARACHI: In the forthcoming mini-budget, the government is mulling increasing the withholding tax (WHT) on cellular services from 10% to 15%. The decision directly opposes the federal budget’s announcement of a cut in the tax on phone calls for 2021-22. Furthermore, it is harmful to the economy’s digitalization drive and undermines the ‘Digital Pakistan’ agenda. WHT… Continue reading WHT Likely To Increase on Cellular Services
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