Tax's Info

16/08/2023

Clarifications and Exemptions Issued under Section 7E of the Income Tax Ordinance, 2001

FBR has announced a relaxation in the conditions under Section 7E of the ITO of 2001 that specifically concerns those who sell immovable property.

14/08/2023

Withholding Tax on Internet Mobile Phone Pre-paid Phone Card FY 2023-24

14/08/2023

Happy Independence Day 14th August

08/08/2023

FBR Introduces Revised Withholding Tax Rates For Purchase And Sale Of Immovable Properties In FY 2023-24

FBR has introduced higher withholding tax rates on individuals buying or selling immovable property in fiscal year 2023-2024.

06/08/2023

Pakistan Sets High Tax Rates of Up to 70% on Dividend Income for Taxpayers Not on Active Taxpayers List

Pakistan's tax authority, the FBR, has implemented new tax rates for the 2023-24 fiscal year. These new rates significantly change the taxation of div

03/08/2023

FBR Pakistan Announces 15% to 50% Tax Rates on Bank Accounts, Debt Instruments

The Federal Board of Revenue (FBR) in Pakistan has specified different tax rates under Section 151 of the Income Tax Ordinance, 2001 for various depos

03/08/2023

Section 7E Income Tax Provision Reduces Pakistan Property Registration by 95%

29/07/2023

Revolutionizing Tax Return:
FBR Unveils IRIS 2.0 for Effortless Filling

FBR has taken a significant step forward in tax administration by introducing IRIS 2.0, an upgraded version of the tax return filing system.

27/07/2023

Streamlined Taxation: FBR's New Withholding Tax Regime for Motor Vehicles Explained

FBR has introduced a revamped withholding tax system for motor vehicles, with the aim of simplifying taxation processes and increasing government rev

27/07/2023

Demystifying FBR's Latest Tax Changes. A Comprehensive Guide to Cash Withdrawal Tax

FBR has made an important announcement regarding tax collection on cash withdrawals from individuals who are not listed in the Active Taxpayer List