ISLAMABAD: The Federal Bureau of Revenue (FBR) in Pakistan has mandated the installation of point of sales (POS) systems for smaller businesses by July 1, 2024, according to S.R.O. 428 …
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Economy
PMLN Calls on FBR for a Clear Five-Year Tax Collection Strategy
by Hamza Irshadby Hamza IrshadFBR ISLAMABAD: The forthcoming ruling party, Pakistan Muslim League-Nawaz (PMLN), is pressing the Federal Board of Revenue (FBR) to formulate a comprehensive roadmap aimed at augmenting the tax-to-GDP ratio over …
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The World Bank has recommended that Pakistan consider taxing monthly salaries below Rs50,000 and reduce the income threshold for charging the highest income tax rate of 35% for salaried individuals. …
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EconomyLatest Updates
Income tax returns 2021: Pakistan’s business community asks FBR to extend deadline
by Umar Sohailby Umar SohailKARACHI: As the deadline to file income tax returns nears, businessmen have urged the Federal Board of Revenue to extend the date to file by two months to facilitate the …