Associated Press of Pakistan ISLAMABAD: The online facility for tax registration has reduced the number of complaints due to the minimum human involvement in the procedure and provided ease to the new fillers who were hesitating due to the procedures of tax registration system. An official of Federal Board of […]
Islamabad: Federal cabinet has approved Tax Amnesty/Asset Declaration scheme 2019. The aim to launch this scheme is not to collect money but to generate revenue for reviving national economy. Pakistani citizens, except for public office holders and their dependents could avail this scheme to declare all previously undisclosed assets either […]
First phase to be completed on June 30, 2019. Tax during this period will be 5% of the actual value on undeclared assets. Second phase will end in September 2019. Payable tax during this period will be 10%. Third phase will end in December 2019. Tax rate during this period […]
In the mini budget presented by finance minister Assad Umar Wednesday there is some relief for overseas Pakistanis as well. Remittances from overseas Advance Tax on cash withdrawal by non-filers in bank accounts where the amount has been forwarded from foreign remittance has been abolished. Mobile Phone Tax on mobile […]
Pakistani Minister of Finance Assad Umar has presented the Finance Supplementary Second Amendment bill 2019 in the National Assembly today. Highlights of the finance bill are as follows 49 per cent tax on small and medium enterprises reduced to 20pc. Interest on agricultural loans reduced from 49pc to 29pc. Introduction […]
This old man saw Pakistan being put on the run towards destruction by Zulfiqar Ali Bhutto in 1972. It was the first this old man while young at the time, saw that Law was what was a “Red coloured party ID Card”. Bhutto heirs and Sharifs with more vigour, added their shares in this run up. Imran Khan, though generally is said to be a bit different from them, yet it is a naked fact that he is following the same path, results of which of course would take time to surface.
Prime Minister Imran Khan has approved major structural changes in the system to enhance foreign remittances through banking channel and facilitate overseas Pakistanis. The decision to incentivize home remittances through legal channels was taken during a follow-up meeting held for facilitating overseas Pakistanis. To further facilitate overseas Pakistanis, the Prime […]