Free use of foreign currency account outside Pakistan stopped by government. Click below for details: Foreign Currency Accounts Rules. CONDITIONS IMPOSED Important points under foreign currency rules 2020. History / background of foreign currency accounts laws in Pakistan. More: Taxation Of Gifts In Pakistan
In Recent Budget, section 236I of the Income Tax Ordinance, 2001 changed with an amendment in law. Under this changed law, active tax filers in FBR exempted from tax on educational fees. 5% Advance income tax exempted to add in amount of fees. To Read More (CLICK HERE). RELATED STORIES –How To Become Active
Withholding tax rates on sales made by manufacturers to retailers, wholesalers and distributors revised by FBR. Rates revised through amendment in Finance Act 2020. Revised Sections Under Income Tax Ordinance, 2001 a)- Section 236 G b)- Section 236 H c)- Section 236 HA TO READ MORE (CLICK HERE) RELATED STORIES -Changes in rates of
The Pak-China Joint Chamber of Commerce and Industry (PCJCCI) took initiative. That Pakistani exporters of meat should establish close business relations with Chinese enterprises to explore the Chinese meat market. PCJCCI President Zark Khan, While addressing the Pak-China Think Tank meeting. he said, “After the outbreak of Covid-19, the demand for meat increased rapidly in
The Federal Board of Revenue (FBR) on Wednesday implemented FBR’s new tax regime for imported Items, rules for taxing imported goods. FBR introduced it through (Twelfth Schedule of Income Tax Ordinance, 2001) Schedule XII of the Income Tax Ordinance 2001. The FBR’s new tax regime for imported Items issued through SRO 715 (I) / 2020
The heads of all the welfare organizations informed that as per the instructions of the Government of Punjab, all such welfare organisations which registered with the Registrar of Joint Stock Companies Punjab should now register under the Punjab Charity Act 2018. For registration process CONTACT US (CLICK HERE FOR REGISTRATION) The deadline to apply online
Salient Features of Scheme for Builders and Developers Under Section 100D of Income Tax Ordinance 2001 • Fixed tax regime for builders and developers. • Tax liability computed on the basis of square feet/yard, payable in quarterly installments • New projects as well as existing incomplete project opt for the scheme upto 31.12.2020 • Projects
Calculation of Tax on Salary is an important calculation. All the Employers deduct every month tax on salary. Tax on Salary in Pakistan under the Income Tax Ordinance 2001 did not change by the current PTI government. It will remain same as per the previous tax year tax rates (Tax Year 2020). So, tax rates
Government is going to present his annual budget speech for the fiscal year 2020-2021 today. Currently, Government expected that budget will cover major areas related to managing of COVID-19 pandemic situation in Pakistan. Hammad Azhar will speech for budget for fiscal year 2020-21. He is currently Federal Minister for Industries and Production. In Budget government
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