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 National Economic Council (NEC) met in Islamabad under the chairmanship of Prime Minister Shehbaz Sharif and approved the...
ISLAMABAD: The Federal Investigation Agency (FIA) has established Financial Action Task Force (FATF) desks across all its zones and specialised...
ISLAMABAD: The government is preparing a major tax relief package for the salaried class in the upcoming federal budget, with...
ISLAMABAD: Provinces have agreed to provide an additional share of the National Finance Commission (NFC) resources to the federal government,...
