Complete Solution for Both Individuals and Businesses. Hire Us

Additionally, a 5% Income Tax is to be imposed on manufacturing

According to a letter of concern from the Pakistan Business Council (PBC) to the Finance Minister, the government is considering charging manufacturing companies a minimum annual revenue of Rs 50 million and an additional 5 percent income tax. Sources claimed that the government was considering slapping 1% to 5% special income tax on manufacturers with… Continue reading Additionally, a 5% Income Tax is to be imposed on manufacturing

FBR simplifies tax payments for retailers through electricity bills.

ISLAMABAD: The Federal Board of Revenue (FBR) made several amendments to the Sales Tax Act to include small retailers under the tax umbrella.   According to the amendment, small retailers (except those defined as Tier – 1) will pay fixed taxes based on monthly commercial electricity billings.   This method of the tax regime is… Continue reading FBR simplifies tax payments for retailers through electricity bills.