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INGO exemption issue INGO exemption issueThe Federal Board of Revenue (FBR) will submit its comments to the Ministry of Interior on the draft Memorandum of Understanding (MoU) for International Non-governme

900% increase in custom duty on imported garments 900% increase in custom duty on imported garments

Around 900 percent abnormal increase in Customs duty on imported garments may encourage the commercial imp

Draft return for 2016 Draft return for 2016The Federal Board of Revenue (FBR) has issued the draft of the Income Tax Return Forms for Tax Year 2016 for individuals and Association of Persons (AOPs). The FBR h

Builders and developers. FBR float rules for collection of 5%  advance tax Builders and developers. FBR float rules for collection of 5% advance tax

The Federal Board of Revenue (FBR) has proposed that every authority like district

SHC declares exemption from CGT for shares held for more than a year SHC declares exemption from CGT for shares held for more than a year

Sindh High Court (SHC) has declared that the Capital Gain Tax (CGT) on sales of shares held for more than

FBR directions to field formations to collect CGT under section 236C and 236K FBR directions to field formations to collect CGT under section 236C and 236K

The Federal Board of Revenue (FBR) has directed field formations that pursuant to the issuance of Income Tax (Amendment) Ordinance, 2016, the withholding tax on s

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