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Sohail Sarfraz

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FBR issues simplified tax regime for traders

The Federal Board of Revenue (FBR) Thursday issued simplified tax regime for the traders addressing all their major concerns with the objective to document traders without creating any kind of harassment. In this regard, the FBR has released the draft aut
Published 02 Aug, 2019 12:00am
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Provisional figures: July collection Rs 14 billion short of target

The Federal Board of Revenue (FBR) has provisionally collected Rs 277 billion during first month of current fiscal year, ie, July 2019 against the target of Rs 291 billion, reflecting a shortfall of Rs 14 billion. These are provisional figures and revenue
Published 01 Aug, 2019 12:00am
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Royalty chargeable to 15pc tax: FBR

The Federal Board of Revenue (FBR) has said that every person paying royalty to a resident person would be required to deduct tax at the rate of 15 percent of the gross amount payable. According to an income tax circular issued by the FBR here on Wednesda
Published 01 Aug, 2019 12:00am
Print

Provisional figures: July collection Rs 14 billion short of target

The Federal Board of Revenue (FBR) has provisionally collected Rs 277 billion during first month of current fiscal year, ie, July 2019 against the target of Rs 291 billion, reflecting a shortfall of Rs 14 billion. These are provisional figures and revenue
Published 01 Aug, 2019 12:00am
Print

Reducing operational costs for businesses: Summary approved by ECC

The Economic Coordination Committee (ECC) of the Cabinet has approved a summary moved by Revenue Division for implementation of Authorised Economic Operator Programme to reduce operational costs for businesses and improve Pakistan''s prospects as a viable
Published 01 Aug, 2019 12:00am
Print

Royalty chargeable to 15pc tax: FBR

The Federal Board of Revenue (FBR) has said that every person paying royalty to a resident person would be required to deduct tax at the rate of 15 percent of the gross amount payable. According to an income tax circular issued by the FBR here on Wednesda
Published 01 Aug, 2019 12:00am
Print

Provisional figures: July collection Rs 14 billion short of target

The Federal Board of Revenue (FBR) has provisionally collected Rs 277 billion during first month of current fiscal year, ie, July 2019 against the target of Rs 291 billion, reflecting a shortfall of Rs 14 billion. These are provisional figures and revenue
Published 01 Aug, 2019 12:00am
Print

Reducing operational costs for businesses: Summary approved by ECC

The Economic Coordination Committee (ECC) of the Cabinet has approved a summary moved by Revenue Division for implementation of Authorised Economic Operator Programme to reduce operational costs for businesses and improve Pakistan's prospects as a viable
Published 01 Aug, 2019 12:00am
Print

Royalty chargeable to 15pc tax: FBR

The Federal Board of Revenue (FBR) has said that every person paying royalty to a resident person would be required to deduct tax at the rate of 15 percent of the gross amount payable. According to an income tax circular issued by the FBR here on Wednesda
Published 01 Aug, 2019 12:00am
Print

Reducing operational costs for businesses: Summary approved by ECC

The Economic Coordination Committee (ECC) of the Cabinet has approved a summary moved by Revenue Division for implementation of Authorised Economic Operator Programme to reduce operational costs for businesses and improve Pakistan's prospects as a viable
Published 01 Aug, 2019 12:00am
Print

Cash gift: FBR explains income from other sources

The Federal Board of Revenue (FBR) has clarified if cash gift is received from relatives including grandparents, parents, spouse, brother, sister, son or a daughter but the same has not been received through cross-cheque or banking channel, the amount of
Published 31 Jul, 2019 12:00am
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Immovable property values: FBR toughens requirement for purchasers

The Federal Board of Revenue (FBR) has said that the purchasers of the immovable properties are now required to explain the source of investment of property up to the FBR value of property. The FBR has explained through income tax circular No 9 of 2019 th
Published 31 Jul, 2019 12:00am
Print

Cash gift: FBR explains income from other sources

The Federal Board of Revenue (FBR) has clarified if cash gift is received from relatives including grandparents, parents, spouse, brother, sister, son or a daughter but the same has not been received through cross-cheque or banking channel, the amount of
Published 31 Jul, 2019 12:00am
Print

Immovable property values: FBR toughens requirement for purchasers

The Federal Board of Revenue (FBR) has said that the purchasers of the immovable properties are now required to explain the source of investment of property up to the FBR value of property. The FBR has explained through income tax circular No 9 of 2019 th
Published 31 Jul, 2019 12:00am
Print

Cash gift: FBR explains income from other sources

The Federal Board of Revenue (FBR) has clarified if cash gift is received from relatives including grandparents, parents, spouse, brother, sister, son or a daughter but the same has not been received through cross-cheque or banking channel, the amount of
Published 31 Jul, 2019 12:00am
Print

Immovable property values: FBR toughens requirement for purchasers

The Federal Board of Revenue (FBR) has said that the purchasers of the immovable properties are now required to explain the source of investment of property up to the FBR value of property. The FBR has explained through income tax circular No 9 of 2019 th
Published 31 Jul, 2019 12:00am