Daily Archives: April 8, 2018

FBR advised to retain minimum tax or alternative corporate tax

KARACHI: Pakistan Tax Bar Association (PTBA) has said that the parallel application of Alternative Corporate Tax (ACT) with minimum tax under Section 113 of Income Tax Ordinance, 2001 is inappropriate.

PTBA recommends procedure simplification in obtaining exemption certificates

KARACHI: Federal Board of Revenue (FBR) has been urged to simplify procedure for obtaining exemption certificates for import of plant and machinery and raw material in order to reduce the cost of doing business.

FBR suggested to restore tax credit on sales, purchases

KARACHI: Pakistan Tax Bar Association (PTBA) has recommended the Federal Board of Revenue (FBR) to restore tax credit for making sales and purchase with registered persons.

SRB extends payment date for SWPF

KARACHI: Sindh Revenue Board (SRB) has extended the last date for payment of contribution of Sindh Workers Participation Fund (SWPF) up to April 16, 2018.

Directives issued for launch of saving certificates for overseas Pakistanis next month

KARACHI: Dr. Miftah Islamil, Adviser to Prime Minister on Finance, has directed National Savings to complete all arrangements for launching saving certificates for overseas Pakistanis in next month.