
New Advance Tax on Air Ticket Purchases in Pakistan
The Federal Board of Revenue (FBR) has recently introduced a new Advance Tax on air ticket purchases through the Finance Supplementary Bill 2023. This tax has been implemented to generate […]
The Federal Board of Revenue (FBR) has recently introduced a new Advance Tax on air ticket purchases through the Finance Supplementary Bill 2023. This tax has been implemented to generate […]
The Pakistani government has recently announced its decision to re-introduce the tax on withdrawals from cash and banking transactions. The tax was previously abolished to ease the tax burden on […]
The Finance Bill 2022 presented by the Pakistani government has brought significant changes in tax laws, including the Income Tax Ordinance 2001. One of the crucial changes introduced in the […]
The Finance Bill 2022 proposes strict measures to increase the tax base and penalize non-compliant persons. These measures include penalties for non-filing of income tax returns, non-issuance of sales tax […]
The Government of Pakistan has recently introduced a new tax called the “Super Tax” to address the budget deficit of the country. This tax is levied on 13 industries that […]
The International Monetary Fund (IMF) has proposed modifications to the existing tax slabs in Pakistan. The new tax slabs will be applicable to salaried persons, and it is important for […]
Capital Value Tax (CVT) is a tax levied on the value of an asset, specifically immovable property and motor vehicles, in Pakistan. This tax is paid by the buyer of […]
In recent years, the information technology (IT) sector has become a significant contributor to the Pakistani economy. The sector has generated employment opportunities and has played a vital role in […]
Pakistan’s Federal Board of Revenue (FBR) has set an increased revenue collection target of Rs. 7.440 trillion for 2022-23, up by Rs. 436 billion from the previous target of Rs. […]
The Finance Bill 2022 has been the topic of discussion among the Pakistani public, particularly business owners and taxpayers. The Federal Board of Revenue (FBR) and budget makers have recently […]