Daily Archives: May 18, 2018

Commercial importers demand of restoring FTR rejected

KARACHI: The government has finally rejected the demand of commercial importers for restoring final tax regime (FTR) and excluding them from audit.

Restriction imposed on non-filers on purchasing immovable properties, vehicles

KARACHI: The government finally imposed restrictions on non-filers while purchasing immovable properties and vehicles through Finance Act 2018.

Super tax on banks abolished for tax year 2018

KARACHI: The National Assembly on Friday approved the Finance Bill 2018 under which the levy of super tax has been abolished for banking companies during tax year 2018.

Five basic pays as honorarium to employees worked during budget session

ISLAMABAD: Finance Minister Dr Miftah Ismail on Friday announced five basic pays as honorarium to the employees of various departments who have performed their duties during the budget session of the national assembly.

National Assembly passes Finance Bill 2018/2019

ISLAMABAD: The National Assembly on Friday passed Finance Bill 2018-19 with certain amendments, providing legal cover to budgetary proposals for the upcoming budget.

SRB launches tax relief package; allowing total waiver of penalty

KARACHI: Sindh Revenue Board (SRB) on Friday announced tax relief package allowing total waiver of penalty and remission of up to 95 percent of the amount of the default surcharge.

Advisory against cyber espionage issued

ISLAMABAD: National Telecom and Information Technology Security Board (NTISB) has issued advisory prevention against cyber espionage in order to protect taxpayers against malicious activities on the internet.

FBR directs IR offices to open on Saturdays

KARACHI: Federal Board of Revenue (FBR) has directed all the offices of Inland Revenue to observe normal working day on Saturday till June 30, 2018.