ISLAMABAD: Federal Board of Revenue (FBR), Through Finance Bill, has increased tax rate for loss declaring companies by 25 percent.
Through Finance Bill, 2017 amendment has been introduced to Section 113 of Income Tax Ordinance, 2001. The minimum tax under this section has been increase to 1.25 percent from one percent. Tax experts said that the enhancement in minimum tax rate on turnover would have negative impact on companies genuinely facing losses.
ISLAMABAD: The Federal Board of Revenue (FBR) has for the first time brought e-liquids used in vapes and electronic cigarettes...
ISLAMABAD: The Federal Board of Revenue (FBR) has abolished the Corporate Tax Office (CTO) Islamabad, established a new Regional Tax...
ISLAMABAD: The International Monetary Fund (IMF) has proposed new conditions for resolving Pakistan’s gas sector circular debt, including formal recognition...
ISLAMABAD: The Federal Investigation Agency (FIA) has established a Cryptocurrency Investigation Unit on the special instructions of the FIA Director...
