Foreign exchange transactions: Cabinet approves levy of 40pc tax on banks’ windfall profits ISLAMABAD: The caretaker federal cabinet, on the recommendation of the Federal Board of Revenue (FBR), approved... Updated 16 Nov, 2023 09:51am
Business & Finance Cabinet approves levy of 40% tax on banks’ windfall profit earned during 2021-22 The federal cabinet on Wednesday accorded approval to impose 40% tax on windfall profit earned by banks on the... Published 15 Nov, 2023 10:20pm
Print Forex deals: Tax on windfall profits of banks likely ISLAMABAD: The government is likely to invoke provisions of the Finance Act, 2023, to impose tax on windfall... Updated 15 Nov, 2023 09:49am
Opinion Retrospective tax on windfall income discourages corporatization—II Whereas, if we compare the Indian windfall tax/duty to the Pakistani windfall tax, it is clear that Section 99D is... Published 10 Jul, 2023 06:52am
Opinion Retrospective tax on windfall income discourages corporatization—I A new Section 99D has been introduced in the Income Tax Ordinance 2001 (“ITO”) through the Finance Act 2023... Updated 07 Jul, 2023 06:10am
Print Tax on windfall profits: FBR to face legal complications ISLAMABAD: The Federal Board of Revenue (FBR) will face legal complications to collect new tax on windfall profits... Updated 03 Jul, 2023 08:59am