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.
LAHORE: The Federal Board of Revenue (FBR) has issued instructions governing the suspension of officers and officials serving in Customs...
ISLAMABA: Pakistan and the International Monetary Fund (IMF) on Thursday reached a Staff-Level Agreement (SLA) on the fourth review of...
ISLAMABAD: The Federal Board of Revenue (FBR) has introduced a new monitoring mechanism aimed at improving sales tax collection and...
ISLAMABAD:CThe Federal Board of Revenue (FBR) just officially addressed growing financial concerns within the Pakistani creator economy. FBR clarified its...
