Search results
Results from the WOW.Com Content Network
The Inland Revenue Service (IRS) is a department of the Federal Board of Revenue (FBR) in Pakistan. It was established in 2009 and holds the responsibility for overseeing various aspects of domestic taxation, encompassing Sales Tax, Income Tax, and Federal Excise Duty. [1] [2]
The period from July 1 to June 30 is considered as a normal tax year for Pakistan tax law purposes. Corporate Income tax rates Currently, the Corporate Income tax rate is 29% for tax year 2019 and onwards whereas the corporate tax rate is 35% for Banking Industry for TY 2019. Income Tax on Export of Services, in Pakistan is 1%. However, export ...
The Federal Board of Revenue (FBR) (Urdu: وفاقی بورڈ محصولات), formerly known as Central Board of Revenue (CBR), is a federal law enforcement agency of Pakistan that investigates tax crimes, suspicious accumulation of wealth, money-laundering make regulation of collection of tax. FBR operates through Inspectors-IR that keep tax ...
Charitable donations can help a worthy cause, but your donations may also help your tax bill. Watch Out: The 7 Worst Things You Can Do If You Owe the IRSMore: Owe Money to the IRS? Most People Don ...
The charity employs about 120 people with a turnover of less than £4m. It says the tax hike will increase its staff costs by £67,000 - roughly equivalent to two posts in its central support team.
Taxation, which includes income tax, sales tax, and customs duties, constitutes a substantial portion of revenues, bolstering both federal and provincial government finances. Non-tax revenue sources, such as mark-up from state enterprises, surplus profits from the State Bank of Pakistan , and royalties on oil and gas, further contribute ...
For 2024, individual retirement arrangement (IRA) owners aged 70 ½ and older can make up to $105,000 in tax-free charitable donations through qualified charitable distributions — up from ...
Name of NGO Cause PWA: PWA (Patients' Welfare Association) is a non-profit, non-governmental, largest student-run organization of Pakistan. It has Pakistan's largest single-outlet blood bank in Civil Hospital Karachi and a Thalassemia Daycare Centre with around 250 registered patients receiving blood transfusions and management of thalassemia, all free of cost.