Daily Archives: December 29, 2017

Withholding tax at 0.4pc on non-filers extended up to June 30

ISLAMABAD: The government has allowed extension the applicability of reduced withholding tax rate at 0.4 percent on non-cash transactions made by non-filers of income tax returns.

PTBA demands extension in corporate return filing up to March 27

KARACHI: Pakistan Tax Bar Association (PTBA) has demanded extension in last date for filing income tax returns by companies to March 27, 2018 from December 31, 2017 in order to facilitate the corporate sector.

Appraisement East & West to remain open and observe extended working hours on Dec 30, 31

ISLAMABAD: Federal Board of Revenue (FBR) has announced that Karachi customs stations will remain open on December 30 and 31 (being the weekly holidays) and observed extended working hours for collection of duty and taxes.

FBR headquarters to remain open on Dec 30

ISLAMABAD: Federal Board of Revenue (FBR) will observe Saturday, December 30, 2017 as normal working day for monitoring the collection of duty and taxes.

Hotels, restaurants below turnover Rs4 million exempted from sales tax on services

KARACHI: The sales tax on services at 13 percent is exempted on hotels and restaurants whose annual turnover should not exceed Rs4 million.