Salary tax calculator for tax year 2020. Global Tax Consultants always try at every platform to provide the latest amendments in tax laws. As well as tax news, tax updates and also educate the people about the tax laws of pakistan. we developed a salary tax calculator in our Global Tax Consultants website. It will
FBR extended last date for submission of sales tax return March 2020 Federal Board of Revenue (FBR) extended today last date for submission of sales tax return for the March 2020. New date will be 30th April, 2020. It is important to mention here that last date for payment of sales tax will be 27th
Stats of Submitted Tax Returns 2019 Recently Chairman FBR (Federal Board of Revenue). Mr Syed Shabbar Zaidi tweeted to explain that the no of Taxpayers submitted tax returns 2019 are increasing massively. Mr Shabbar Zaidi meanwhile shared a table showing stats of submitted tax returns of 2019. The stats where taken from PRAL organization responsible
Textile industry of the country has raised the red flag on new change unfolding that the refund system has been moved to a monthly sales tax return on input based system. This system is just unacceptable, as it will erase out the liquidity for the industry amounting to Rs300 billion as the same amount to
when buying a property, the seller and the buyer both agree to show less value for the purchased property on the sales deed, just so they can pay less taxes. Withholding tax is to be paid by the buyer and Capital Gains Tax is to be paid by the seller. Now you may ask what
The rent received or receivable by a person during a tax year is chargeable to tax under head of income from property. The FBR issued Income Tax Ordinance, 2001 updated June 30, 2019 and explained the taxability on income from property under Section 15. Section 15: Income from property Sub-Section (1): The rent received or
Following is Third Schedule to Sales Tax in which consumer items are mentioned for collection of sales tax on the basis of printed retail price: • Fruit juices and vegetable juices. • Ice Cream. • Aerated waters or beverages. • Syrups and squashes. • Cigarettes. • Toilet soap • Detergents • Shampoo Sales tax rates
