“Tax”

Punjab government to reduce tax on imported cars by 50-80%

Finally good news has been announced by the government of Punjab as according to Finance Bill which was presented on Tuesday there will be a major cut down for the…

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Another big slap by FBR, Imposed the Regulatory Duty on Conusmer Items

The Government of Pakistan through their Notification dated 16th October 2017 has imposed Regulatory Duty vide SRO 1035 (I)/2017 on many items. Pakistan Electronics Manufacturer’s Association (PEMA) represents the interests…

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Tax payments will be made through ATM by 31st December 2017

A fully automated and online process has been signed for the payment of FBR taxes. The State Bank of Pakistan (SBP), Federal Board of Revenue (FBR) and 1-Link has signed…

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FBR imposes 0.5% Tax on E-Commerce industry

The Federal Bureau of Revenue (FBR) has imposed 0.5% tax on all online companies who are earning through online trading.Now the e-commerce industry is not an untaxed sector anymore. According…

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19.5% Internet tax! upsets consumers & businesses in Pakistan

What will you do if you are compelled to pay 19.5% extra bill, out of the tax increase in internet bill? Definitely, if not skipping the use, you will lessen…

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Bank Alfalah posts Rs. 8.470 Billion for the first half of 2017

Bank Alfalah posts impressive results for the first half of 2017 – with Profit before tax improving by 11.6 percent to Rs. 8.470 Billion The Board of Directors of Bank…

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Jazz (Warid) commits 20 million Tax fraud

The Customs Appellate Tribunal has rejected the appeal of cellular company “Warid” which now turned out to Jazz after the famous merger of these two companies. By rejecting the appeal of…

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FBR: Social media posts will be charged by 20% now

In an unprecedented move for increasing of revenue,  the Federal Board of Revenue (FBR) has reportedly decided to put a tax on multiple social media platform posts with the inclusion…

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