The Most Up-to-Date income tax ordinance News

Pakistan Tax Bar Association seeks extension of return filing deadline
Business

Pakistan Tax Bar Association seeks extension of return filing deadline

Urges Finance Ministry to push Sept. 30 deadline to Oct. 31, citing climate disasters and persistent IRIS e-filing issues

Pakistan fails to publish parliamentarians' tax directory for yet another year
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Pakistan fails to publish parliamentarians' tax directory for yet another year

While the FBR published tax directories every year from 2014 to 2019, officials confirmed that no such documents have been made public for the last few years

Pakistan grants tax exemptions on $3.3B in foreign loans, mostly from Chinese banks
Business

Pakistan grants tax exemptions on $3.3B in foreign loans, mostly from Chinese banks

Sweeping tax waivers granted on $3.3B in loans to meet Chinese banks’ terms; ADB guarantee backs refinancing

Calculator and wooden blocks spelling "TAX" on banknotes background.
Business

Pakistan moves to block major transactions by ‘ineligible’ taxpayers

NA committee moves to block high-value deals by non-filers under the new 15th Schedule of Income Tax Ordinance

Pakistan’s tax system and the colonial hangover
Pakistan Business

Pakistan’s tax system and the colonial hangover

If Pakistan is to move toward sustainable growth and meaningful reform, it must abandon colonial-era governance practices

Pakistan proposes reversal of tax relief for certain salaried individuals
Business

Pakistan proposes reversal of tax relief for certain salaried individuals

FBR outlines revised tax slabs, minor Super Tax cuts, and PKR 701 billion in new revenue measures during Finance Bill review

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