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Daily Archives: September 7, 2017

US DFS fines Habib Bank NY Branch $225m for non-compliance

KARACHI: New York Department of Financial Services (DFS) of the US on Thursday fined Habib Bank and its New York branch $225 million for...

Cabinet approves amending taxation treaties with three countries

ISLAMABAD: The federal cabinet on Thursday approved amending the existing conventions of avoidance of double taxation treaties with three countries. The cabinet, which chaired by...

FBR allows conditional fixed tax regime for builders, developers for tax year 2017

ISLAMABAD: Federal Board of Revenue (FBR) has explained the changes to Income Tax Ordinance, 2001 through Finance Act, 2017 and said the fixed tax...

New concept of tax on undistributed profits introduced for tax year 2017 and onwards:...

ISLAMABAD: Federal Board of Revenue (FBR) has explained the changes to Income Tax Ordinance, 2001 through Finance Act, 2017 and said that a new...

IT companies registered in July 2012 can avail exemption allowed to start-ups

ISLAMABAD: Federal Board of Revenue (FBR) has explained the changes to Income Tax Ordinance, 2001 through Finance Act, 2017 and said that IT companies...

E-commerce entities to pay 0.5pc minimum tax

ISLAMABAD: Federal Board of Revenue (FBR) has explained the changes to Income Tax Ordinance, 2001 through Finance Act, 2017 and said that 0.5 percent...