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A 2% Poverty Alleviation Tax introduced on individuals with income exceeding Rs 300 million. General tax rate for banking companies increased from 35% to 45%. A 1% tax on deemed rental income applied to the fair market value of certain immovable properties owned by resident persons in Pakistan.
The Federal Board of Revenue (FBR) is the principal tax administration body in Pakistan. It is responsible for formulating, implementing, and enforcing tax laws. The FBR has faced criticism for its inefficiency and corruption, which has hindered tax collection efforts. The FBR operates under the Ministry of Finance and is tasked with:
In May 2022, the FBR (Federal Board of Revenue) executed the transfer and posting of 24 senior officers within the IRS. [6] Subsequently, in August 2022, 21 senior officials of the IRS were also transferred and posted, and among the changes was the appointment of Malik Amjad Zubair Tiwana as the new Member (IR Operations) of the FBR. [7]
Yes, rent is a tax write-off if you work from home. Where you work must be exclusively on a regular basis used as your principal place of business and not for personal use.
The FBR's budgetary target was set at Rs 9.200 trillion, 23% than last year's target. The fiscal deficit being estimated at Rs 6.923 trillion or 6.54% of the GDP. The budget claimed it added no new taxes , no increases in duties on import of essential items, exemptions of custom duties on certain agricultural goods, and an increase in ...
Since April of 2022, an estimated 220,000 migrants have poured into the city, with over 58,000 currently being cared for by New York City's taxpayers, per reports from City Hall.
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 ...
President for 24 years, Assad flew out of Damascus for an unknown destination early on Sunday, two senior army officers told Reuters. Rebels declared the city "free of the tyrant Bashar al-Assad".
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