FBR Illegally Takes Action Against Fake Withholding Transactions
In a nutshell, the complainant files income tax returns declaring only salary-related income as a Deputy Secretary in the Ministry of Law and Justice. In violation of the law, the…
Pakistan’s Leading Tax Portal Befiler Receives $1.5M Seed Funding
An official press release states that the seed round was co-led by Cistech Capital and Lakson Venture Capital (LVC), with participation from regional investors as well. Befiler, Pakistan’s top tax…
Network Outages Intensify Due To Connectivity Load Shedding In 2022
The IT sector had a difficult year, with telecom operators and users bearing the brunt of the pain, especially after the April change of government and the subsequent belt-tightening. The…
Waqar Zaka Denies Allegation To involve In Cryptocurrency Scam
Zaka told the press that the FBR had his entire net worth on file, and that the FIA Cyber Crime was attempting to prove that money brought into Pakistan legally…
Digital Payments For Tax Correction Shows Tremendous Increase
Tax payments through digital channels have recorded a massive increase while new system of “Online Collection of Government Receipts Through Alternate Delivery Channels (ADC and OTC) will facilitate tax payers…
Sales Tax Issue On IT Exports Revenue To Discuss With CM Sindh
A big hurdle in the promotion of IT industry, as companies are shifting to other provinces to avoid the tax burden. Federal Minister for Information Technology and Telecommunication Syed Aminul…
ePay Punjab app sets New record, over Rs1.82 Billion Tax collected in July 2020
ePay Punjab, the first ever government payment aggregator for citizen facilitation and ease of business, has collected over PKR 1.82 Billion in tax revenue from multiple levies across Punjab with…
FBR Provides 0.1M CNICs To NADRA For Broaden Tax Base
The Federal Board of Revenue (FBR) provided a list of 100,000 Computerised National Identity Card (CNIC) numbers of unregistered persons to the National Database and Registration Authority (NADRA) for data…
Locally Manufactured Tractor Gets PKR 1.5Bln Salex Tax Subsidy
The government under its Agricultural Fiscal Package has approved Rs 1.5 billion sales tax subsidy on locally manufactured tractors in order to promote mechanization in agriculture sector to enhance per-acre…
Reduction in tax regime for ICT sector
The Pakistan Telecommunication Authority (PTA) has suggested to the government for reduction in tax regime for information and communication technology (ICT) sector. The PTA has stated that the ICT sector…
IT companies moving other provinces due to high tax rates in Sindh
IT companies are moving from Sindh to different provinces due to high tax rates opposed by the government within the province. Federal Secretary for Ministry of Information Technology and Telecommunication…
ePay Punjab bring Rs1 billion in tax revenue during 5 months
ePay Punjab known as the first-ever government payment aggregator for citizens facilitation and ease of business has collected over Rs1 billion in tax revenues from multiple taxes across Punjab since…