KARACHI: The Federal Board of Revenue (FBR) on Monday deferred the mandatory digital payment system for corporate entities till January 31, 2022. The FBR issued a circular for the extension in time for the implementation of digital payment for corporate entities. It is the third time the revenue board has extended the time of implementation. … Read more
KARACHI: The digital mode for payment by corporate entities will be applicable from next week, i.e., December 1, 2021, after an extension of one month granted by the Federal Board of Revenue (FBR), official sources said on Thursday. The government through the Tax Laws (Third Amendment) Ordinance, 2021 introduced the provisions in the Income Tax … Read more
President Arif Alvi circulated new tax laws, directing the authorities to detach mobile phones/SIMS, electricity, and gas connections of individuals who are obligated to file income tax but fail to be on the Active Taxpayer List (ATL). President Arif Alvi publicized the Tax Laws (Third Amendment) Ordinance 2021 for letting the Federal Board of Revenue … Read more
President Arif Alavi has issued the Tax Laws Amendment Ordinance 2021 with the abolition of tax exemption, the government will get revenue of Rs. 150 billion. The ordinance includes more than 75 tax amendments which will come into force immediately. Under the Tax Laws Amendment Ordinance 2021, tax exemptions on various businesses have been abolished … Read more
