June 6, 2016

Non-Filing of Returns to Attract Substantial Penalties

A minimum penalty of Rs 20,000 may be imposed by the Federal Board of Revenue (FBR) where any person fails to furnish return of income and […]
June 6, 2016

Shariah Compliant Pesion Plans Rising

SYDNEY / KUALA LAMPUR: Islamic pensions are making inroads in several majority-Muslim countries, and their success may help the growth of asset management industries across much of […]
June 6, 2016

FBR Further Extends Tax Returns Filing to November 30

The Federal Board of Revenue has further extended the date for filing of returns of total income/statements of final taxation for individuals including salaried class, AOPs […]
June 6, 2016

Government Slashes Sales Tax on Sales by Unregistered Persons

ISLAMABAD: The federal government on Sunday significantly slashed the sales tax rate imposed on purchases from unregistered persons and retailers exempt from registration, dealing a massive blow […]