tax
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FBR announces extension for filing income tax returns till October 31
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[ad_1] A representational image of the Federal Board of Revenue building. — APP/File ISLAMABAD: The Federal Board of Revenue (FBR) has extended the date for filing income tax returns to October 31. The deadline has been extended keeping in view the demand of the business community. The news was announced by the newly appointed Federal Minister for…
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Income tax returns filing deadline extended to Oct 31 | The Express Tribune
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[ad_1] The Federal Board of Revenue (FBR) has extended the deadline for filing income tax returns to October 31 amid low filing of tax returns. The FBR in a notification announced late Friday night that September 30 deadline has been extended up to October 31 “in view of floods and requests of various trade bodies…
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No tax exemption granted to ex-military officers for importing bulletproof vehicles, clarifies FBR
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[ad_1] The building of the Federal Board of Revenue (FBR). — Twitter/File ISLAMABAD: The Federal Board of Revenue (FBR) clarified Saturday that no Statutory Regulatory Order (SRO) has been issued granting exemption to ex-military officers for importing bulletproof vehicles tax-free. “FBR categorically denies reports appearing in some sections of media that it has issued an…
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FBR crosses Rs6.1tr tax target | The Express Tribune
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[ad_1] ISLAMABAD: The Federal Board of Revenue (FBR) has, for the first time in recent history, surpassed the annual tax collection target of Rs6.1 trillion on the back of higher imports, as Finance Minister Miftah Ismail vowed to reward the taxmen by ending disparity in their salaries. The FBR provisionally collected around Rs6.125 trillion till…
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Punjab beats tax collection target | The Express Tribune
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[ad_1] LAHORE: The Punjab Revenue Authority (PRA) has surpassed the revised tax collection target of Rs165.5 billion for financial year 2021-22. According to the provisional figures, the PRA’s collection stood at Rs168 billion until June 28, which was 108% of the original target of Rs155.9 billion and 101.5% of therevised target. According to a PRA…
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Businessmen oppose real estate tax hike | The Express Tribune
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[ad_1] ISLAMABAD: Islamabad Chamber of Commerce and Industry (ICCI) President Muhammad Shakeel Munir has said that the construction industry plays a key role in the country’s economic development, but high taxes imposed on the real estate and construction sector will badly affect business activities and cause harm to the economy. Speaking at a meeting of…
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PM rejects tax relief for jewellers | The Express Tribune
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[ad_1] ISLAMABAD: Prime Minister Shehbaz Sharif has expressed his annoyance at being bypassed by the Federal Board of Revenue (FBR), which proposed the grant of tax concessions on gold, silver and jewellery, and has turned down the planned reduction in taxes. The premier decided to put all jewellers under the tier-1 retailer category and connect…
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Calculate your income tax after revision in tax slabs
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[ad_1] A representative image. KARACHI: The government has made some changes to tax deduction criteria for the salaried people on the demand of the International Monetary Fund (IMF) withdrawing relief given on June 10. As per the revised tax criteria, the government proposed a tax rate of 2.5% for income brackets of Rs50,000 to Rs100,000.…
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PSX plunges after PM Shehbaz announces ‘super tax’ | The Express Tribune
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[ad_1] KARACHI: The Pakistan Stock Exchange (PSX) on Friday nosedived almost 5% (over 2,000 points), in a duration of approximately 22 minutes, after Prime Minister Shehbaz Sharif announced a new ‘super tax’ to target large-scale industries. The PSX plunged to a one-year low at the closure of the first of two sessions today at 40,664…
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Govt to plug tax loophole for rich | The Express Tribune
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[ad_1] ISLAMABAD: The government may change the definition of resident Pakistani to include all those people in the tax net who do not stay in any foreign country for more than six months, after over 4,000 individuals having $2 billion in bank accounts turned out to be non-resident Pakistanis. The government on Thursday also considered…
