Islamabad: Federal Board of Revenue claimed on 1st April that it collected Rs 4.382 trillion in taxes during nine months of the current fiscal year but missed the target by a wide margin due to its failure to increase reliance on direct taxes. According to the provisional information, the FBR received Rs 4.382 trillion during… Continue reading FBR Misses March Tax Target
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
Karachi: The government has lined up several tax exemptions for small and medium sized enterprises, the finance minister said on Saturday a move aimed to achieve five percent growth target set for the current fiscal year. Finance Minister Shaukat Tarin said sectors such as housing, information technology and trade needed a special focus to achieve… Continue reading Government Plans Tax Cut for Small Businesses
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
The National Database and Registration Authority (NADRA) is likely to compute non-filers income and tax liability this month using 14 million financial transaction records provided by the Federal Board of Revenue (FBR). According to sources, property transactions, vehicle purchases, registration of cars with provincial excise offices, buying and selling of movable and immovable properties, utility… Continue reading Non-Filers’ Income and Tax Liability May Be Computed By NADRA
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