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.
LONDON: Finance Minister Senator Muhammad Aurangzeb has said that global investors’ interest in Pakistan is increasing again, citing progress on...
ISLAMABAD: The federal government has introduced a fresh austerity drive aimed at reducing petroleum consumption and public expenditure, ordering a...
ISLAMABAD: The government has introduced a new digital system for the submission of asset declarations by civil servants, with Grade-17...
ISLAMABAD: Pakistan will seek an expansion of its 30 billion yuan swap line with China when the facility expires in...
